AMC, the American multinational entertainment giant, is passionate about blockchain, and the company’s CEO is publicly considering releasing his own cryptocurrency.
In an interview with CNBC on October 20, AMC CEO Adam Aaron discussed the company’s ulterior motives. The head of the company made a few revealing statements, though there were no detailed details.
“We ‘ve been making a lot of noise over the last few months about cryptocurrency being over-active.”
He later explained the ability of AMC to issue its own coin: “AMC has many reasons to be a successful issuer of cryptocurrencies as well as a issuer of cryptocurrencies.” This is just one of a dozen ideas the company is working on at the moment, he said.
AMC is at the forefront of digital assets. In August, the company said it intends to build the infrastructure to accept bitcoin payments for movie tickets by the end of this year.
Over the next month, the theater giant expanded on crypto payment options, including Ethereum, Litecoin and Bitcoin cash. Aaron of AMN said viewers were interested in using crypto as a payment method for tickets and discounts at AMC cinemas.
In early October, ANC added Dogogin to its list of crypto payment options after the Trotter vote, with more than 140,000 participants voting for Doug with 68%.
I sincerely want to know your opinion through this Twitter poll. At the end of 2021, AMC will receive Bitcoin, Etherm, Litcoin and Bitcoin cash for online payments. I hear from many people in my Twitter account that we should also accept dogcoin. Do you think AMC should explore doggoin acceptance?
– Adam Aaron (EOCEOAdam) September 21, 2021
On October 6, the company announced digital gift cards that can be purchased with Crypto and purchased for tickets and AMC e-cards.
Related: EMC Theaters launches crypto payments for e-gift card purchases
Issuing tokens may not be an easy task for listed companies in the United States to overcome the day-to-day regulatory barriers. Social media giants are finding it difficult to do so as investigations into Facebook’s cryptocurrency plans continue to escalate.
AMC became popular among fast-track investors earlier this year when stock prices soared after it became a stockpile of mime by Reddit’s infamous Wall Street Street Bets forum. Shares of AMC fell slightly during the week to $ 40.86, up 6.2% since the beginning of October.