Sign Up on MEXC
AMC Theatres ($AMC), the world’s largest cinema theatre chain that announced its plans to accept Bitcoin ($BTC) payment for online ticket booking has extended its crypto payment list to add three more crypto payment options. Adam Aron, the CEO of the group took to Twitter to announce the news that the company would also accept Ethereum ($ETH), Litecoin ($LTC), and Bitcoin Cash ($BCH) along with Bitcoin. He said,
“Cryptocurrency enthusiasts: you likely know AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin, and Bitcoin Cash.”
Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash. pic.twitter.com/uKcFyQotoJ
— Adam Aron (@CEOAdam) September 16, 2021
AMC Theatres made headlines earlier this year when it made a full recovery from the brink of bankruptcy and closure. The company’s stocks were among the few which were short squeezed by a group of Redditors and retail traders amid heavy short buying. The theatre company along with GameStop ($GME) recorded a crypto-like surge attracting attention from the media world over. At that time crypto-community had called upon $AMC to add Bitcoin and crypto payment options.
Litecoin Find a “Real Taker” After Walmart Fiasco
The addition of Litecoin to the payment list by the movie theatre giants came as redemption for “OG” cryptocurrency after the recent Walmart fiasco. A couple of days back a fake Walmart press release announcing that the retail giant would start accepting LTC payments from October became the center of discussion. The fake news managed to fool its way through several reputed media houses including Reuters and CNBC and was first tweeted by Litecoin’s official Twitter handle.
The news led to a significant pump in $LTC price surging it over 20% within minutes and as Walmart later clarified that the press release was indeed fake, the price fell back to initial levels. Thus, AMC’s announcement came as a relief for many LTC proponents.
$AMC will accept Litecoin; this sounds criminal to me; did $GS advise on this? https://t.co/m9MTq636Id
— Patrick Comack (@patrickcomack) September 16, 2021
- Avalanche Seeks $1B to Launch Treasury-Focused AVAX Firms in U.S.
- Dogecoin Leads Crypto Market Rally, Expert Sees $0.50 Target on DOGE ETF Launch
- Ethereum News: Latest On-chain Activity Hints Massive ETH Purchase by Bitmine (BMNR) and SharpLink (SBET)
- VanEck Pushes for Staked Hyperliquid ETF in US, Expects HYPE Coinbase Listing Soon
- Crypto ETF Update: Rex-Osprey’s XRP ETF, DOGE ETF to Launch Friday as SEC Review Ends
- Pump Price Forecast as $12M Buyback Fuels Scarcity — Is $0.01 in Sight?
- SUI Price Prediction as Mysten Labs Meets SEC Ahead of ETF Decision—Is $7.5 Next?
- Can Dogecoin Price Hit $1 as Derivative Volume Jumps Ahead of DOGE ETF Launch
- Bitcoin Price Prediction Eyes $150K as Trump Calls for Aggressive 100 BPS Rate Cut
- Solana Price Prediction: Can Nasdaq Listing and $94M Holdings Propel SOL Toward $400?
