In Brief:
- American entertainment giant AMC may issue its own coin, CEO Adam Aron told
- AMC had also added Dogecoin for online payments after twiterrati’s positive response to his twitter poll.
On Wednesday, AMC Entertainment Holdings CEO, Adam Aron gave a sneak peek into the company’s “cryptocurrency business ambitions.” He also revealed the theatre chain’s plan of “issuing its own cryptocurrency.”
In an interview with CNBC, a hopeful Adam Aron disclosed, “We have made a lot of noise in the last few months about getting hyperactive in cryptocurrency and there are a lot of reasons why AMC could be a successful issuer of cryptocurrency as well as a redeemer of cryptocurrency.” He also added, “that’s just one of the half of dozen ideas that we are working on right now”
The CEO’s “looking-on-the-road-and-driving” approach has been sensed with AMC’s frequent public announcements about the cryptocurrency on Twitter. In August, AMC announced accepting Bitcoin payments for movie tickets by the end of 2021.
Moreover, in the month after, the theatre giant heartily informed about including Ethereum, Litecoin, and Bitcoin cash as online payment mediums. What followed after this, was the inclusion of Dogecoin in the list after Twitterati’s positive response on the polls regarding the same. In early October, 68% of Twitterati responded in favour of “Dogecoin”
On October 6, the company tweeted about digital gift cards(up to $200) that can be purchased with crypto and redeemed for tickets and AMC e-card purchases. This announcement only set an upbeat tone regarding their huge cryptocurrency adventures.
Kansas-based AMC Entertainment Holdings, Inc. is the largest movie theater chain in the world. The “meme-stock” AMC has been riding high since the Reddit retail fiasco that took place earlier this year. Currently, AMC shares are trading at $40.86, down marginally on the week, but up 6.2% since the beginning of October.
