Thursday, April 18, 2024

AMC to implement blockchain technology; issue its own coin

AMC, the American multinational giant in the entertainment sector, is all set to implement blockchain technology to their projects and enter the crypto industry. CEO of AMC, Adam Aron, is openly talking about AMC’s plans of issuing its in-house cryptocurrency. News of AMC’s interest in the crypto space emerged on 20th October, after Adam Aron gave an interview to CNBC. No official statement was released and neither was any solid plan discussed in the course of the interview. However, the CEO of AMC gave away a lot of information that can inform us of the future of AMC in the crypto sector.

Adam Aron added that AMC is considering the possibility of issuing an in-house cryptocurrency. The AMC CEO also said that AMC has the potential to become a key player in the crypto industry, adding that it can be a successful issuer and redeemer of cryptocurrencies. However, he later added that an in-house cryptocurrency is one of the many projects AMC is considering for the coming years.

As a corporate, AMC is pro-crypto in every sense of the word. In August this year, AMC made it official that they have plans to add support for accepting Bitcoin payments for cinema tickets.

In September, the entertainment giant added support for Bitcoin Cash, Litecoin, and Ethereum. Back then, Aron was equally enthusiastic about the future of cryptocurrency with respect to AMC. He added that moviegoers are keener than ever to transact in cryptocurrencies. AMC’s interest in the crypto space is yet another evidence of how pervasive cryptocurrency is becoming in corporate America.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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