AMC, the largest movie theater chain in the United States, is currently testing a new way to buy tickets with crypto. The company is using a blockchain-based platform to allow customers to purchase tickets with cryptocurrency. The new system is called “AMCX.” It allows customers to buy tickets using Bitcoin, Ethereum, and Litecoin. The company says that the system will be more secure and efficient than traditional ticket buying methods. AMC has been testing the new system for a few months now and has so far been successful. The company says that it plans to make the system available to all of its theaters by the end of this year.
Currently, you can use Bitcoin, Ethereum, Bitcoin Cash, and Litecoin to pay for movie tickets on AMC’s website. According to a tweet from AMC CEO Adam Aron, the company also plans to accept Dogecoin next.
— Adam Aron (@CEOAdam) November 12, 2021
While it’s not confirmed, Aron specifically calls out online purchases with crypto, so it doesn’t appear that you’ll be able to walk into your local movie theater and pay for a film with crypto. Instead, you’ll need to purchase tickets in advance if you want to spend your Bitcoin and other currencies. While that makes it a bit less exciting, it’s still a terrific way to use your money if you don’t want to sit on it.
Aron’s tweet also mentions that the new online payment methods “already account for 14 percent of our total online transactions.” However, he also mentioned accepting Apple Pay, Google Pay, and PayPal, so it appears those are included in that number. That makes it unclear how popular paying for movies with crypto actually is, but we’d expect the number of people using it is pretty low.
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