AMC becomes the first cinema chain to accept cryptocurrencies as a valid payment option
AMC, along with other cinema brands, suffered incredible losses throughout the past year during the pandemic. Considering the incredible impact that it has had over a multitude of industries, it comes as no surprise that an industry reliant on people coming to a single venue in droves would be the first place to be hit by the pandemic.
And since the pandemic has been slowly allowing people to live their normal lives again, AMC and various other companies are making moves to ensure that people come to visit them as well. But with home entertainment systems becoming so much more impressive, these companies had a lot of competition to go against.
And one of the ways that AMC has decided to bring in more people is to bring in people using the most popular internet trends. And the trend that they decided to go for was no other than cryptocurrencies. Considering their incredible popularity, this was an incredible move on their behalf.
AMC quickly implemented cryptocurrencies into their operations, ensuring that people will be able to make purchases using the most popular cryptocurrencies. These would eventually include cryptocurrencies like Ether, Bitcoin, Litecoin, and even Dogecoin. AMC also made plans to introduce Shiba Inu to their system as well.
So far, the massive cinema brand has followed through on its original goal, allowing people to make transactions in the aforementioned cryptocurrencies. In fact, after hearing the decision that the CEO made, the crypto community went out of their way to support AMC and buy tickets to movies through their preferred cryptocurrencies.
AMC has always been very good at seeing what people like and implementing it as a whole. The CEO is usually on Twitter responding to fans and talking to them about things that they would like. And after seeing the incredible support that people have for the crypto market, they instantly jumped ship and started offering people to use theirs to buy tickets. They even extended cryptocurrency purchases to include confectionery and other services.
The CEO for AMC has also been very transparent with his customers about why he is doing this in the first place. He said that as long as people are coming in to watch movies, he does not mind what type of currency they use. This sort of transparency and honesty has also worked in the company’s favor, as they saw multiple people taking advantage of the service.
With the way that cryptocurrencies are working as a whole, there are plenty of companies that are considering making use of cryptocurrencies. Not only has it proven to be a good way to bring in more customers, but it also offers a multitude of benefits that could prove to be useful for the company
The post AMC becomes the first cinema chain to accept cryptocurrencies as a valid payment option appeared first on Coinfrog.
Text source: Coinfrog
