3 Reasons Why You Shouldn't Buy AMC Tickets With Crypto
AMC Entertainment Holdings (NYSE: AMC) is doing everything it can to be relatable to its millions of largely young retail investors. CEO Adam Aron has been beefing up the multiplex operator's offerings with recorded concerts, live NFL games, and eventually e-gaming events.
Last month AMC announced that it would be accepting Bitcoin (CRYPTO: BTC) as payment for movie tickets or concession stand purchases before the end of the year. Last week Aron tweeted that it will also accept Ethereum (CRYPTO: ETH), Litecoin (CRYPTO: LTC), and Bitcoin Cash (CRYPTO: BCH) when its Bitcoin functionality kicks in later this year. He polled his followers this week to see if Dogecoin (CRYPTO: DOGE) should be a fifth crypto option for AMC purchases. Spoiler alert: Aron now has to see how he can make Dogecoin possible as a payment platform.
A meme stock wrapping itself in crypto buzzwords may seem like overkill, but that's just where we find ourselves now. I'm a fan of AMC thinking outside of the box office, and I've also been a cryptocurrency investor since last year. I can see why the news is making waves, but if you're smart you probably won't be paying for your AMC purchases with cryptocurrency. Let's go over some of the reasons why you should resist the call of the crypto wild to buy your next matinee ticket or tub of popcorn.
Source Fool.com
