AMC was the first entertainment company to accept cryptocurrency payments such as Bitcoin or Ethereum.
AMC, an American movie theatre chain, had promised in August that it would allow users to pay their tickets and concessions using Bitcoin by the end the year. This promise is not false. It is possible to already pay cryptocurrency.
AMC can accept Bitcoin as a payment method. Adam Aron, the theater’s CEO, stated that Bitcoin isn’t the only cryptocurrency available. twitter account It will be possible to also pay with Ethereum, Bitcoin Cash, and Litecoin.
Aron also stated that new payment methods account for 14 percent of AMC transactions. However, he didn’t specify if this is just cryptocurrencies.
AMC only allows cryptocurrency use online. It is therefore not possible to pay for physical boxes using a cryptocurrency wallet.
The Verge has confirmed that PayPal is listed as a payment method in the purchase process. It also adds a note stating that they accept cryptocurrency payments.
This means that users will need to log in to their PayPal account to select the cryptocurrency they wish to use to pay for movie theatre services.
It seems that PayPal is the only way to pay cryptocurrency. Users with other wallets will need to wait longer.
Aron said that the possibility for the payments to Dogecoin, a popular crypto asset and Elon Musk’s favorite, has been explored.