Cryptocurrency: Bitcoin, Ethereum, Litecoin, Bitcoin Cash are accepted by AMC theaters

Adam Aron, CEO of AMC Entertainment, said AMC Theaters will accept Bitcoin for online ticket and concession payments, and will similarly accept other cryptocurrencies such as Ethereum, Litecoin and Bitcoin Cash.

“Cryptocurrency Enthusiasts: You probably know @AMCTheatres announced that we will be accepting Bitcoin for online ticket and concession payments by the end of 2021,” tweeted Aron. The Bitcoin price in India was Rs. 37.52 Lakhs while the Ethereum price in India was Rs. 2.82 lakhs, the Litecoin price in India was Rs. 14,810, and the Bitcoin Cash price in India was Rs. 47,100.

Cryptocurrency Enthusiasts: You probably know that @AMCTheatres announced that we will be accepting Bitcoin for online ticket and concession payments by the end of 2021.

– Adam Aron (@CEOAdam) September 16, 2021

Bitcoin was recently introduced as legal tender by El Salvador earlier this month. The world’s first step, however, was plagued by teething troubles, as an angry protest from suspicious citizens, technological glitches and a collapse in the cryptocurrency clouded the rollout.

The bold experiment got off to a bumpy start when, shortly after midnight, Salvadoran President Nayib Bukele complained that the government-backed Bitcoin app was not available on various internet platforms such as Apple and Huawei.

Bukele used his Twitter account to hit online stores to store the app or digital wallet known as Chivo, and Huawei later started making it available. However, when it turned out that the app couldn’t handle user registrations, the government disconnected it in order to connect to more servers and increase capacity.

However, when the app appeared on more platforms, Bukele retweeted videos posted on social media that afternoon of people making payments with Bitcoin at retailers in El Salvador, including McDonald’s and Starbucks. Starbucks’ El Salvador unit said it will accept bitcoin for purchases in their restaurants, drive-through facilities, or for takeout.

© Thomson Reuters 2021

Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts.

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