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AMC connected Wednesday expanded the scope of cryptocurrencies it soon plans to judge for movie-ticket and concession purchases.
In its second-quarter net report successful August, AMC Entertainment Holdings Inc. AMC, -0.97%, the nation’s largest movie-theater chain, announced it would judge bitcoin BTCUSD, +0.95% for online summons and concession purchases earlier the extremity of this year. In a tweet Wednesday, AMC Chief Executive Adam Aron said Ethereum ETHUSD, +2.44%, Litecoin LTCUSD, +3.83% and Bitcoin Cash BCHUSD, -0.98% volition besides beryllium accepted.
During the August net call, Aron said AMC volition besides judge payments done Apple Inc.’s AAPL, +0.61% Apple Pay and Alphabet’s GOOGL, +1.32% GOOG, +1.26% Google Pay by year’s end.
A increasing fig of companies are accepting bitcoin and different cryptocurrencies arsenic payment, including PayPal Holdings Inc. PYPL, +0.07% and Square Inc. SQ, +0.71%. Earlier this year, Tesla Inc. TSLA, +1.52% made a splash aft announcing it would judge bitcoin for payments, then halted those plans successful May aft CEO Elon Musk raised concerns astir crypto mining’s effects connected planetary vigor usage.
AMC shares are up an astounding 2,100% twelvemonth to date, acknowledgment to the meme-stock frenzy earlier this year, though they person slumped 15% implicit the past 3 months.
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