Adam Aron, CEO of AMC Theatres, claimed that after only a few months of adopting crypto payments, there’s been an increase in the use of Bitcoin and other cryptocurrencies, to reach a third of the total online payments done using crypto.
“The same IT programming that was required for us to accept cryptocurrency also enabled us to accept other payment types, including Apple Pay, Google Pay, Paypal, Bitpay, and Venmo, among others. Taken together, these various new payment options impressively recently represented about 35% of our total online payments.”finbold
Adam Aron, AMC Theaters CEO Apart from foraying into the cryptocurrency sector, the theater chain operator is also exploring the use of non-fungible tokens (NFTs). Aron informed investors that AMC now has eight distinct projects that have either been released or are actively under development for release this year. The CEO went on to say that the technology has assisted the firm in increasing the sale of movie tickets.