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AMC CEO Adam Aron says the company may issue cryptocurrency

During a chat with CNBC, AMC CEO Adam Aron suggested that the company could become an issuer of cryptocurrency.

Donovan Erskine

October 19, 2021 3:10 PM

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AMC has been one of the more interesting companies to keep eyes on this year, as its stock became the subject of short squeezes similar to what GameStop (GME) experienced earlier in 2021. With that, many have been keeping up with the business moves of the movie theater company, and a new quote from the CEO may indicate what we can expect from them down the road. During an interview, AMC CEO Adam Aron implied that the company may look into distributing and accepting cryptocurrency at some point in the future.

AMC CEO Adam Aron was being interviewed by CNBC on October 19 at the Milken Institute Global Conference, an annual event where some of the biggest executives come together to discuss social and economic issues. It was here that Aron spoke about cryptocurrency, as well as how his company’s relationship with it may change in the future.

Adam Aron Interview Part 3 pic.twitter.com/rNLy6FHT1S

— Antonio Martinez (@AntonioTheMexi) October 19, 2021

“We’ve made a lot of noise in the last few months about getting active in cryptocurrency,” Aron said. Back in August, AMC shared its plans to accept Bitcoin as a payment method by the end of 2021. In September, the CEO expressed an interest in accepting Dogecoin as well. Adam Aron went on to explicitly state that AMC could potentially distribute cryptocurrency at some point. “There are a lot of reasons why AMC could be a successful issuer of cryptocurrency as well as a redeemer of cryptocurrency.”

If AMC were indeed to begin widely issuing and redeeming cryptocurrency, it would be a rather big deal. For as big as crypto has become, it’s failed to gain widespread acceptance from a lot of retailers. One of the biggest theater chains in the world deciding to accept it would be a massive move towards it becoming more of a mainstay.

Donovan Erskine

News Editor

Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Scream nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_