AMC Entertainment Holdings Inc boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among mainstream investors and companies.
“Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash,” Aron said in a tweet on Wednesday.
The company said last Month that it would start accepting bitcoin, the most popular cryptocurrency, by the end of the year.
Prices of bitcoin and ether were marginally down, while litecoin was up 1.7%. AMC’s shares, one of the so-called “meme stocks”, were down about 1% in premarket trading.
Many big corporations in America are jumping on to the crypto bandwagon even as concerns grow over the environmental impact since “mining” digital currencies consumes massive amounts of energy.
