Here what they will accept.
The pandemic almost buried AMC Entertainment Holdings but everything changed when they became a “meme stock” and millions of 20-year-old retail investors saved AMC by pouring money into their shares and driving the prices up.
Now as a thank you, it appears that AMC will now begin to accept 4 new forms of cryptocurrency.
According to Barrons, AMC CEO Adam Aron was already on board with setting up a system where they would accept Bitcoin and has just announced the company will now also accept Ethereum, Litecoin, and Bitcoin Cash as well.
Just a reminded Bitcoin and Bitcoin Cash are two different cryptocurrencies they just share a similar name.
AMC isn’t the only major company that has hinted at accepting crypto as payment. Tesla’s CEO Elon Musk also announced they would accept Bitcoin as payment but decided not to because Musk believes Bitcoin mining is harmful for the climate and consumes too much electricity.
Here are what the 4 cryptocurrencies are currently priced at per coin:
Bitcoin – $47,520.50
Ethereum – $3,565.61
Litecoin – $185.14
Bitcoin Cash – $637.67
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