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AMC Entertainment CEO briefs community on crypto, NFT project updates in latest earnings call

Published 03/02/2022, 04:30 PM
Updated 03/02/2022, 06:00 PM
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During its Q4 2021 earnings call late Tuesday, Adam Aron, CEO of iconic theatre-chain AMC Entertainment (NYSE:AMC), briefed the community on the company's latest crypto adoption efforts. As told by Aron, AMC will start accepting Dogecoin (DOGE) and Shiba Inu (SHIB) "in a couple of weeks." AMC began accepting online payments for movie tickets via major cryptocurrencies last year. The company said it is also still exploring options to issue its own coin, an idea that has been in the making for quite some time as it monitors the current cryptocurrency regulatory framework.

Aron also shared his praise for the blockchain industry: "We continue to explore how else AMC can participate in the burgeoning crypto universe, and we remain quite intrigued by the potential business opportunity." Aron then added:

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