Cinema operator AMC hopes to accept BTC by 2022

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Adam Aron, chairman and chief operating officer of AMC, revealed that this large movie theater is trying to simply accept bitcoin to pay for movie show tickets based on customer needs.

American cinema operator AMC Recreation is working hard to solve the Bitcoin payment problem for movie screening tickets by 2022.

In a conference call on August 9, Adam Aron, chairman and chief operating officer of AMC, revealed in a conference call on the company’s second quarter results announced earlier in the day that the theater chain intends to Before the end of the year, there is an infrastructure that can pay BTC payments for online performance tickets. 2021.

Although there are few details about AMC’s promise to resolve Bitcoin, Aron reports that there is strong demand for encrypted movie tickets from corporate customers.

AMC’s second-quarter results showed a significant improvement compared to last year, with reportage revenue of US$444 million, while revenue in the second quarter of 2020 was US$18.9 million. Network losses also fell from 561 million US dollars or 5.38 US dollars per share to 349 million US dollars or 0.71 US dollars per share.

In addition to using BTC to pay, AMC also announced plans to open more than ten locations in the United States, Europe and the Near East this year.

The chairman also created an unlikely claim that he collected crypto assets in one second and was elected to the Centricus Acquisition Institute. May 6th-One week ahead of Arqit, a non-inheritable blockchain technology company from Centricus.

AMC’s impressive second-quarter results came back only a year after the company seemed destined to go bankrupt. Due to the global coronavirus pandemic, the cinema operator was forced to close its venues.

In the pandemic, Wallstreetbets, the infamous Reddit-based Pump-n-dump cluster, gathered on AMC’s stock, pushing its stock up 900% throughout January. According to TradingView, as of the time of writing, the value of AMC stock has risen 1,200% year-to-date after rising from approximately $2.60 to $34.