GADGETS

The company now accepts cryptocurrencies as an online payment


Image for an article titled AMC CEO proudly states that the company now accepts various cryptocurrencies as online payment

Photography: Scott Olson (Getty Images)

AMC, one of the largest memestocks of all, is embracing another powerful meme player: cryptocurrencies. And its CEO is really excited about that.

CEO Adam Aron proudly tweeted on Friday that the company will now accept cryptocurrencies for online payment. Foreword with “drumroll, please”, Aaron announced that bitcoin, ethereum, bitcoin cash and litecoin are welcome in AMC, adding that the cinema chain also accepts Apple Pay, Google Pay and PayPal.

“Great news! As promised, many new ways to pay online NOW at AMC, ” Aaron wrote. “Now we proudly accept: drumroll, please… Bitcoin, Ethereum, Bitcoin Cash, Litecoin. Also Apple Pay, Google Pay, PayPal. Incredibly, they already make up 14% of our total online transactions! Dogecoin next. ”

He then retweeted a meme about himself photographed on gold dogecoin.

Importantly, Aaron said cryptocurrency can be used for online shopping, so it doesn’t look like you’ll be able to use it to buy anything in person at the moment. (Regarding payment, the Verge points out that PayPal is currently the only way to pay with cryptocurrencies). AMC has previously allowed users to buy gift cards with cryptocurrency.

Aaron’s announcement is no surprise. In the past few months, he insisted to shareholders that the company is working to accept cryptocurrency for online payments. He even pulled out a page Manual of Tesla CEO Elon Musk and did two polls on Twitter to ask the public if AMC should accept dogecoin i shiba inu. (Coincidentally, Musk liked Aaron’s dogecoin survey, which led to AMC’s chief executive leaving full stan).

Why is Aaron so in love with cryptocurrencies, you ask? It all comes down to company new shareholders, retail investors gathered Reddit’s r / wallstreetbets through memes to help keep the company afloat at the beginning of the year (and stick to Wall Street). In June, Aaron announced that these shareholders owned more than 80% of the company and promised to give them free popcorn.

“We work for them. I work for them, ”Aaron said in June. “By definition, their interests and passions are important to AMC, their ambitions and passions are important to me.”

One of those passions is cryptocurrency, says Aaron. And he will gladly satisfy. It is easier said than done than done.





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Naveen Kumar

Friendly communicator. Music maven. Explorer. Pop culture trailblazer. Social media practitioner.

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