AMC Theaters Starts Accepting Bitcoin as Payment for Movie Tickets
AMC Theaters, which is considered to be the “King of the Memestocks,” promised in August that customers would be able to pay for tickets and concessions in Bitcoin by year’s end; today they have made it a reality. According to a tweet from AMC CEO Adam Aron, Bitcoin isn’t the only cryptocurrency that will be accepted for online transactions; the company will also accept Ethereum, Bitcoin Cash, and Litecoin (via CoinTelegraph).
He also mentions that you can pay online using Apple Pay, Google Pay, and PayPal, among other methods. Note that Aron only mentions payment methods for online purchases; it does not appear that you may use cryptocurrency to purchase anything in-person at a movie theatre, for example.
Also in his tweet, Aron claims that new payment methods “already account for 14 percent of our total online transactions,” but it’s unclear whether that figure refers solely to cryptocurrencies or includes all of the ways listed in his post. A request for comment from The Hollywood Reporter was not immediately returned.
The PayPal payment method is presented as a payment option on AMC’s website, with the caveat that it “supports cryptocurrency,” when you reach the checkout page.
Presumably, this implies you’ll have to sign in with your PayPal account and select any cryptocurrency that is available to you in order to pay for tickets or refreshments at the event. For the time being, PayPal appears to be the sole method of making a cryptocurrency payment at AMC, so if you want to make a payment through another method, you may be out of luck for the moment.
Do you want to pay with Dogecoin, that’s fine too. That’s the “next step,” as Aron puts it. In addition, the Shiba Inu cryptocurrency is being investigated by the corporation.
Big newsflash! 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. pic.twitter.com/a7pqYBm7HB
— Adam Aron (@CEOAdam) November 12, 2021