What you need to know
- AMC has announced it will be accepting four different types of cryptocurrency within the next few months.
- The four chosen currencies will be Bitcoin, Bitcoin Cash, Litecoin, and Ethereum.
- These crypto options will soon be valid tender for movie tickets and concessions at AMC.
By the time Sonic the Hedgehog 2 rolls into theaters in April 2022, AMC will let you pay for your ticket and popcorn via cryptocurrency. At least, that's the promise the company's CEO, Adam Aron, has made. Over on Twitter, he confirmed four different types of cryptocurrency would be eligible to replace ye olde cash when buying tickets and snacks: Bitcoin, Litecoin, Ethereum, and Bitcoin Cash.
Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash. pic.twitter.com/uKcFyQotoJCryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash. pic.twitter.com/uKcFyQotoJ— Adam Aron (@CEOAdam) September 16, 2021September 16, 2021
The change is said to be happening by year's end, though as is the case with all announcements, nothing's guaranteed until the day it's made a reality. With that being said, AMC has had a trend recently of announcing big moves and acting on them relatively swiftly ever since it became the center of attention alongside GameStop in the great meme stock shakeup of early 2021.
For example, back when the memes were at peak potency and shaking the stock market like a can of carbonated soda, AMC announced it would reward shareholders for being there for the company. Shortly thereafter, it came through, offering investors free popcorn (via Reuters). Since then, AMC has continued to reward shareholders with various perks, such as free food items and early screenings of select films.
Robert Carnevale is the News Editor for Windows Central. He's a big fan of Kinect (it lives on in his heart), Sonic the Hedgehog, and the legendary intersection of those two titans, Sonic Free Riders. He is the author of Cold War 2395. Have a useful tip? Send it to email@example.com.
No. Just no. Please stop feeding the Ponzi scheme evangelists.
"This is all a long way of saying that if you were interested in learning how to mine crypto or want to know what the best GPUs for crypto mining are, now's the time." You mean like this? Yeah, let's just forget about the interview Sean Endicott did while back with a former crypto miner who talked about how no rational person would use crypto for regular purchases. Amirite?
Because crypto is so great and useful, a) this will be very popular, as crypto currencies are so stable that they can be used regularly for daily transactions, and b) the prices will be denominated in each crypto currency, since we don't need regular money anymore, and since crypto currencies are so stable the prices won't need constant updating. Soon we won't need central banks! Crypto is such a good idea. /sarcasm
Honestly I think it's negative that companies start normalizing the use of what's basically either a scam (pyramid scheme) or at best a black market currency used for shady stuff.
It wouldn't really be a black market currency used for shady stuff if it was a normal currency used for popcorn, now would it?
It's not used for popcorn. It's not used for anything normal, except for novelty's sake. Crypto however IS heavily used by money launderers. That is its primary value in the world economy. These "currencies" are way too unstable to be useful for payments. That's why even when crypto payment is available, the price is denominated in regular money. The whole thing is a huge joke and you guys at WC keep pushing it. Thanks to people like yourself, lots of dummies are buying assets that are fundamentally worthless (except to drug lords) thinking they're getting rich.
I think it is more complicated than that. Yes, it can feel like a ponzi scheme sometimes. The big question is this whole defi thing. What is it worth for these companies if they can cut out the middleman? They pay a lot of money in credit card fees, and people are using cash less and less. What at if they didn't have to do that anymore? What if they could have the convenience of electronic payments, and the lower cost of cash, while not actually dealing with cash? I agree that cryptos have a long way to go before they've earned my trust enough to use, but I don't think it is completely out in left field. Even if the final form is unknown, the basic idea seems to have some merit.
No, no, no, Dradzk. We need to boil down complex ideas to overly simplified black and white arguments that ignore some realities while accepting others. Take notes from Andrew.
You're right. What was I thinking? Having a nuanced opinion about something on the internet? Crazy. :p
Fundamentally worthless? Bah. If it can get people popcorn (which it will be used for, if AMC has anything to say about it), it's a net win for the whole wide world. Kids can pay for their school lunches with ether. Medical bills in chia. It'll be fun.
That sounds like a dystopian future.
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