AMC Entertainment Holdings (NYSE: AMC) CEO Adam Aron revealed that over a third of the theatre chain’s online payments are comprised of cryptocurrency and digital avenues.
What Happened: In a quarterly earnings call on Monday, Aron said that venturing into cryptocurrency acceptance had been a “massive home run” for the company.
“We found is that the same programming that was needed to accept cryptocurrency is the exact same programming that we needed to accept Apple Pay and Google Pay, PayPal, and a whole bunch of other payment types,” said Aron.
The AMC CEO explained that while crypto usage itself was modest, the new payment types …
Full story available on Benzinga.com