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07 Jul, Thursday
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Bull Trader USA

Key Words: AMC officially begins accepting bitcoin and other cryptocurrencies, says CEO on Twitter

After much fanfare, the chief executive of the world’s largest movie chain said they have officially opened for cryptocurrency business.

“As promised, many new ways NOW to pay online at AMC.  We proudly now accept: drumroll, please… Bitcoin, Ethereum, Bitcoin Cash, Litecoin. Also Apple Pay, Google Pay, PayPal. Incredibly, they already account for 14% of our total online transactions! Dogecoin next,” Adam Aron, the chief executive of AMC Entertainment Holdings
AMC,
+3.06%
,
tweeted late Thursday.

A favored stock for the meme crowd, AMC announced during its second-quarter earnings announcement last August that bitcoin 
BTCUSD,
-1.72%

for online ticket and concession purchases would be accepted before the end of this year.

In a tweet on Wednesday, he announced an expanded range of those cryptocurrency offerings. Aron had said in August that Apple Pay
AAPL,
-0.03%
,
Google Pay
GOOGL,
-0.09%

and PayPal
PYPL,
-1.28%

would be accepted.

Opinion: AMC’s Adam Aron has a meme stock war chest and he’s not afraid to use it

Shares of AMC slipped 0.7% in premarket trading while bitcoin was down around 2%, as cryptocurrencies weakened across the board, after surging this week as some analysts and investors have made the case that higher inflation supports higher crypto prices.

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