The world’s largest cinema chain will allow buying tickets for cryptocurrency

The company hopes that such a measure will help increase sales during the difficult period of the pandemic for the industry.

The world’s largest cinema chain AMC Theaters, will start accepting the Bitcoin cryptocurrency as a means of payment for tickets. The Internet portal Wrap reported this.

According to him, at a briefing for investors after the publication of quarterly reports, the head of AMC, Adam Aron, said that the opportunity to pay with bitcoins would appear by the end of this year. The company, which owns about 1 thousand cinemas in the United States and Europe, hopes that such a measure will help increase sales during the difficult period of the pandemic for the entertainment industry.

According to the results of the second quarter of this year, AMC’s losses amounted to $344 million; the company was able to resume the operation of all its cinemas only at the end of June this year.

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Author: Ivan Maltsev
The study of political and social problems of different countries of the world. Analysis of large companies on the world market. Observing world leaders in the political arena.
Function: Chief-Editor
Ivan Maltsev

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