Cryptocurrency: Bitcoin, Ethereum, Litecoin, Bitcoin Cash to Be Accepted by AMC Theatres

Cryptocurrency is slowly gaining traction around the world as El Salvador became the first country to adopt Bitcoin as a legal tender.

By Reuters | Updated: 16 September 2021 12:03 IST

Highlights

Cryptocurrency Bitcoin adoption in El Salvador got off to a bumpy start
Salvadoran President Bukele said Chivo was not available on platforms
Bukele used his Twitter account to press online stores to stock the app

Cryptocurrency: Bitcoin, Ethereum, Litecoin, Bitcoin Cash to Be Accepted by AMC Theatres

Cryptocurrency Bitcoin was recently adopted as legal tender earlier this month by El Salvador

AMC Entertainment CEO Adam Aron said AMC Theatres will accept Bitcoin for online ticket and concession payments, and similarly accept other cryptocurrencies like Ethereum, Litecoin, and Bitcoin Cash.

"Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin, and Bitcoin Cash," Aron tweeted. Bitcoin price in India stood at Rs. 37.52 lakhs while Ethereum price in India stood at Rs. 2.82 lakhs, Litecoin price in India stood at Rs. 14,810, and Bitcoin Cash price in India stood at Rs. 47,100.

Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash. pic.twitter.com/uKcFyQotoJ
— Adam Aron (@CEOAdam) September 16, 2021

Bitcoin was recently adopted as legal tender earlier this month by El Salvador. However, the world-first move was beset by teething problems, as an angry protest by mistrustful citizens, technological glitches, and a dip in the cryptocurrency clouded the rollout.

The bold experiment got off to a bumpy start when shortly after midnight, Salvadoran President Nayib Bukele complained the government-backed Bitcoin app was not available on various Internet platforms including Apple and Huawei.

Bitcoin May Touch Levels ‘We Can't Currently Imagine’: Austrian Investor

Bukele used his Twitter account to press online stores to stock the app, or digital wallet, known as Chivo, and Huawei later began making it available. But when the app proved unable to cope with user registrations, the government unplugged it in order to connect to more servers and increase capacity.

Still, as the app began appearing on more platforms, Bukele was by afternoon retweeting videos posted on social media with people making payments using Bitcoin at retailers in El Salvador including McDonald's and Starbucks. Starbucks' El Salvador unit said it was accepting Bitcoin for purchases at its restaurants, drive-through facilities or to go.

© Thomson Reuters 2021

Cryptocurrency Mining, Trading to Face Crackdown in China's Hebei

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Also seeCryptocurrency Prices across Indian exchanges

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Cryptocurrency, Cryptocurrency Price, Cryptocurrency Price in India, Cryptocurrency Market, Bitcoin, Bitcoin Price in India, Litecoin, Litecoin Price in India, Ethereum, Ethereum Price in India, Bitcoin Cash, Bitcoin Cash Price in India, AMC, Adam Aron