Crypto Adoption Intensifies: AMC Begins To Accept Bitcoin, Ethereum And More Altcoins

The mass adoption of cryptos has been one of the main goals that the crypto space set, and more moves are taking place in this direction.

Now, it’s been just revealed that the movie theater giant AMC is finally accepting Bitcoin (BTC), Ethereum (ETH) and other cryptos as forms of payment after months of anticipation.

AMC CEO Adam Aron took to Twitter this morning to announce the news.

Check out the official announcement below.

Big newsflash! As promised, many new ways NOW to pay online at AMC. We proudly now accept: drumroll, please… Bitcoin, Ethereum, Bitcoin Cash, Litecoin. Also Apple Pay, Google Pay, PayPal. Incredibly, they already account for 14% of our total online transactions! Dogecoin next. pic.twitter.com/a7pqYBm7HB

— Adam Aron (@CEOAdam) November 12, 2021

The online publication the Daily Hodl notes that Aron notes that you can now purchase tickets and other AMC offerings with Bitcoin, Bitcoin Cash (BCH), Ethereum and Litecoin (LTC). The chief executive also mentions that popular memecoin Dogecoin (DOGE) will be next.

It’s also important to note the fact that this comes after months of announcements suggesting that AMC’s adoption of crypto was just around the corner.

TWITTER POLL #2: As you know, you can now purchase AMC gift cards using cryptocurrency, and our IT group is writing code so that soon we can accept online payments in Bitcoin, Ethereum, Litecoin and Dogecoin among others. Should we strive to take Shiba Inu too?

— Adam Aron (@CEOAdam) October 29, 2021

Not too long ago, we revealed that Ripple is making headlines again today with the latest news. The online publication, the Daily Hodl, noted that Ripple Labs sees a future flooded with crypto, and they are working on a new product that is allowing traditional financial institutions to offer crypto services to customers.

In a new press release, Ripple announced their newest product called the Ripple Liquidity Hub.

“[It is] a groundbreaking new way for enterprises to easily and efficiently source digital assets from the broader crypto market. As a crypto liquidity platform built for the enterprise, it will unleash the potential to access deep liquidity within markets, accelerating the shift to crypto.”

Stay tuned for more news.