Hong Kong
CNN business
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AMC is on the trend of cryptography.
On Monday’s earnings call, the theater chain announced that it would begin rolling out technology that would allow U.S. movie fans to pay for tickets and snacks with Bitcoin.
(XBT) By the end of the year.
“In the last six months, we’ve had to learn more about blockchain and cryptocurrencies than we’ve learned in the last decade,” said CEO Adam Aron.
He added that the company “is looking for other AMCs.”
(AMC) Joining this new and fast-growing world of cryptocurrencies, we are very interested in potentially lucrative businesses [opportunities].. ”
For now, the move will allow customers to use Bitcoin to buy tickets and concessions online at all AMC US theaters. “Because we had to do IT programming to accept Bitcoin, we are now writing code at the same time to allow Apple Pay and Google Pay to be purchased online at theaters in the United States,” Aaron said.
Investors supported the news. AMC shares surged 5.3% in overtime trading. Bitcoin rose 5.5% from the previous day on Monday night.
As cryptocurrencies become more mainstream, more and more companies are looking for ways to incorporate them into their businesses.
last month, Cryptocurrency soars After bullish comments from Tesla CEOs Elon Musk and Jack Dorsey
(TSLA) And Twitter
(TWTR), Each.
Musk revealed at the time that two of his companies (Tesla and SpaceX) both owned Bitcoin, but Dorsey said cryptocurrencies would be a key part of Twitter’s future strategy. Said there is a possibility.
Amazon news that week
(AMZN) Job listings have also led to a surge in Bitcoin. The company said it is looking for “leads in digital currencies and blockchain products” that are expected to help payment teams develop “new features.”
“We are inspired by the innovations that are taking place in the cryptocurrency space and are exploring what this will look like on Amazon,” said a spokeswoman for the company. Told CNN Business at the time.
“We believe that the future will be built on new technologies that enable modern, fast and cheap payments, and we want to bring that future to Amazon’s customers as soon as possible.”