Is AMC Theater Accepting Bitcoin Payments?

Many businesses are getting famous by announcing a new payment method: Bitcoin or other cryptocurrencies. You know that currency payment methods, whether online or offline, are standard ways to accept in every country but the businesses that use the bitcoin cryptocurrency or other coins as payment get by integrating bitcoin code famous miraculously without spending a bit on marketing. AMC theater is also one of the businesses accepting different fiat currency and cryptocurrencies ways to accept payments. You can search on Google, and you will get a bunch of articles about their payment methods because a business got famous when it started accepting cryptocurrency. For better insight, you can visit this image link:

About AMC theater

AMC theater was known as the American Multi-Cinema and, in separate countries, AMC theater, AMC multi-theater, AMC Cinemas, and American Cinemas. It is the world’s largest Cinema chain, with headquarters in Leawood, Kansas, and has a significant share in the U.S theater market because it is the biggest chain. It was founded in 1920, and now, after the century, it is known as the world’s largest chain in the theater world.

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Adam Aron’s Tweet about accepting bitcoin

Aron is a Sixty six-year (born in 1954) old businessman and the CEO of the American Multi-Cinemas (AMC) and previously remained the CEO or president for other companies. Some of the companies Aron worked as Chairman and CEO are Philadelphia 76ers, Vail Resorts, Norwegian Cruise Line, etc.

He announced in his tweet that we are accepting different fiat payment methods through Google  Pay, Apple Pay, PayPal, and other online payment methods. Still, now the big news is that you can also buy a ticket or American Multi-Cinemas products or services through various cryptocurrencies. These good coins are Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dogecoin next crypto coin that we will accept as payment.

Method of paying with different crypto coins

As we know, there are many different payment methods (wallets) on the internet under two categories – Centralized software wallets and decentralized software wallets, which most people use. The centralized bitcoin software wallets are getting higher popularity because many people in business accept through that system so that the government can track the transactions; otherwise, they have to give a penalty in case of tax evasion or not showing the bitcoin transactions if caught. 

PayPal is a payment gateway that many international business people use to do international transactions. Still, the new feature of accepting bitcoin through the same PayPal wallet made it more famous. Many PayPal users have started using PayPal as the crypto wallet to send payments in Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, etc. Little coins are supported on this platform. 

Since the AMC theater has a PayPal option, they will not use another crypto wallet to accept the crypto coins. Instead, if you have a PayPal account, you can use the Crypto coins to buy the products and services of the cinema; otherwise, there is no other option to pay through crypto.

Read: Dogecoin Price Prediction For 2022 

Using PayPal for sending Crypto Payments

There are the following process of paying to AMC using PayPal through the Crypto coins given below:-

  1. The first step is to have an account on PayPal and if you are already a PayPal user, skip this step. It is important to create an account on the PayPal platform like other payment gateways.
  2. If you are using PayPal for regular use, like paying in other currencies like USD, EURO, INR, PKR, CD, etc., there is no need for Know Your Customers (KYC). Still, if you want to take the feature cryptocurrency payments, your identification is mandatory through KYC. Upload your identical proofs such as driving license, Adhaar Card, Passport, Pan Card, other proofs, etc. 
  3. The next step is to attach the bank account or debit/credit card with the PayPal account so you can deposit and withdraw funds from the wallet or can add funds to the PayPal wallet. 
  4. Now deposit the money in the PayPal wallet by clicking on PayPal deposit and buying any acceptable cryptocurrency in the AMC such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, etc. 
  5. Go to the AMC website and click on the PayPal payment method to buy with bitcoin. There would be different crypto options to buy with  PayPal, click on the bitcoin, and proceed. 

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