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Crypto and Digital Payment Methods Represent 35% of AMC’s Online Payments

Crypto and Digital Payment Methods Represent 35% of AMC’s Online Payments

The CEO of AMC Theatres, Adam Aron, has recently revealed that various digital payment methods and crypto made up 35% of the company's online payments.

After supporting such online payments as BTC, ETH, BCH, and LTC, in November 2021, AMC has progressively been focused on working with different crypto integration strategies.

Adam Aron emphasized that AMC’s foray into the crypto world not only received tremendous approval from the public but also introduced other various payment methods. For instance, these payment methods included Paypal, Apple Pay, Google play, Bitpay, and Venmo. The CEO additionally stated:

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“Taken together, these various new payment options, impressively, recently represented about 35% of our total online payments.”

According to report released in 2022, AMC has successfully managed to achieve a substantial increase in reveue. For instance, the company’s income rose substantially, from $148.3 to $785.7 million in one year.

Additionally, in April, the American movie theatre chain also introduced support for DOGE and SHIB payment methods that are available through the “AMC Theatres” mobile phone application.

Aside from crypto, the company is also interested in non-fungible tokens. The CEO noted that AMC has eight distinct NFT initiatives that will be introduced in the current year or some have already been implemented and allowed the company to increase the purchase of cinema tickets.

Back in November 2021, during the premiere of "Spider-Man: No Way Home", one of the campaigns consisted of 86,000 NFTs for the subscribers of several AMC memberships.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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