Sept 16 Reuters - AMC Entertainment Holdings Inc boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among mainstream investors and companies.
Cryptocurrency fans: you probably know AMCTheatres has announced we accept bitcoin for online ticket payment and concession payments by 2021. I can confirm today that when we do so, we also expect that we will accept Ethereum, Litecoin and Bitcoin Cash, Aron said in a tweet at twitter.com CEOAdam status 1438298684266098688 on Wednesday.
The company said in August that it would accept bitcoin, the most popular crypto currency, by end of the year.
Bitcoin and ether were down while Litecoin was marginally up. AMC's shares, one of the so-called stock markets, were down about 1% in premarket trading.
The Reddit user said that although I don't think this is going to make any of these coins do any parabolic movements as a result, I feel this is just another awesome step in global adoption of crypto as a whole, says one user in the Reddit group of cryptocurrency r that discusses digital currencies.
Many digital corporations in America are jumping on the crypto bandwagon even as concerns grow over the environmental impact of mining digital currencies consumes massive amounts of energy.
Analysts have also raised questions about the viability of day to day use of cryptocurrencies.
People do not buy Bitcoin to use them. For me, Swissquote Bank is still not a nicely established currency in the sense that it's more of an investment for the future or something that I may want to have in the future, said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
El Salvador, the first to adopt bitcoin as a legal tender, is currently facing a number of technical glitches in its digital wallet which could have delayed the joining up process.