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World's Largest Movie Theater Chain To Start Selling Movie Tickets With Bitcoin

AMC Theaters CEO Adam Aron announced that in the United States by the end of this year, it will be possible to buy tickets using cryptocurrencies in the network of branded cinemas. You can pay for a ticket using Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. AMC Theaters is the largest movie theater chain in the world, with an open-source account of 2,866 screens in 358 cinemas in Europe and 7,967 screens in 620 US cinemas. However, at this stage, cryptocurrency will only be accepted in the North American part of the network.

In the United States, it is quite simple to implement such a project: various operators have already issued payment cards with an attached crypto wallet, and PayPal's solution for the integration of cryptocurrencies adds the convenience of use. However, here, as in the case of other purchases with the help of cryptocurrencies, there is a problem of high volatility: Bitcoin or Ethereum will fall strongly, and the balance on the account may not even be enough to buy a couple of cinema tickets. In addition, there are commissions on the network, and if, when making expensive purchases, they practically do not affect the final cost of the goods, then when purchasing a ticket for a conditional $ 5-10, the cost of the commission may already be significant.

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