AMC Entertainment Holdings is embracing crypto. The theater chain announced it will soon start accepting bitcoin cash, ether, and litecoin for tickets. Though the decision probably won’t lead to valuation increases, it’s yet another signal that digital currency is gaining steam.
AMC’s Latest Crypto Announcement
Last week, AMC made another crypto-related announcement: the theater chain will soon start taking ether, bitcoin cash, and litecoin. This latest pro-crypto revelation comes after the company announced plans in August to start accepting bitcoin. Though AMC hasn’t given an exact date, people suspect it will happen sometime in late fall or early winter.
What Does the AMC Crypto Announcement Mean for Digital Currencies?
The decision probably won’t trigger huge token valuation increases, but it’s a sign that digital currencies are gaining popularity. And if more people hop aboard the virtual currency train, that bodes well for the industry.
But, Are People Buying Bitcoin to Spend?
It may not feel like it to early adopters who’ve held bitcoin since the 2010s, but the blockchain and crypto industries are still in their infancy, and most people still regard digital tokens as an investment asset. Sure, in boom times, folks may cash in some coins. But overall, the majority of investors are buying to hold and occasionally trade.
Regardless, there’s a burgeoning community of people who have embraced crypto for quotidian spending, and this move by AMC will undoubtedly attract their patronage.
Consult With a Crypto Lawyer
In need of blockchain or crypto startup legal advice? The Kelly Law Firm is a pioneer in the space and has worked with clients throughout North America, Asia, South America, and Europe. If you need help with registration requirements and other governance or smart contract legalities, get in touch using the form below.
