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AMC is considering its own cryptocurrency



The US cinema chain AMC is emerging as a crypto pioneer, which is now also considering its own coin after accepting payments.

The US entertainment giant AMC has shown enthusiasm for blockchain technology several times in the past. Now the managing director of the cinema company is even thinking publicly about issuing its own cryptocurrency. In an interview with CNBC on October 20, AMC boss Adam Aron spoke openly about the company's crypto ambitions. While there were no specific details, the CEO made some highly insightful comments. 


He promised the possibility that AMC could issue its own coin by stating:


There are many reasons AMC could be a successful issuer of cryptocurrencies ...

He added that this was just one of a half dozen ideas the company was currently working on. In June, the AMC share caused a sensation with a 260 percent price gain within two weeks. As with Gamestop, the background was the Reddit forum Wallstreetbets . 

AMC would have some regulatory hurdles to overcome

In addition, the company is underlining its crypto-friendly course by accepting payment with Bitcoin in its cinemas from next year. AMC is already accepting payments in Bitcoin, Ethereum, litecoin, and Bitcoin Cash online from the end of the year. After a Twitter campaign by Aron, Doge also joined. The issue of tokens, however, is no child's play for US companies due to the regulatory hurdles. The social media giant Facebook is currently feeling this too.

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