Movie theater giant AMC announced this week that bitcoin soon will be accepted as online payment for all U.S. locations, according to a report by CNBC.
AMC will have IT systems in place to be able to accept bitcoin by the end of 2021 for ticket sales and concessions, the report said.
The move shows a positive outlook for the company compared to last year. AMC previously warned to its investors that filing for Chapter 11 bankruptcy was a possibility if new sources of liquidity weren’t obtained due to the coronavirus pandemic.
There are currently 26 AMC theaters in New Jersey, according to its website, and about 950 worldwide. Theaters began reopening last August.
Other major companies that already accept bitcoin as payment include Overstock, Home Depot and Starbucks.
Bitcoin is currently the largest cryptocurrency and the first to be widely adopted, according to Coinbase. It was created in 2008 by Satoshi Nakamoto, a pseudonymous person or team.
If you don’t already own bitcoin, it’s not too late to get started.
How do I invest in bitcoin?
Bitcoin IRA is one option, as it is a platform specifically designed for investing in bitcoin.
Once you create an account, specialists “will roll over your funds from an existing retirement fund, execute the self-directed trade, and move your coins securely into a digital wallet,” according to its website.
To invest, you don’t have to buy one entire Bitcoin, you can buy just a fraction.
To educate yourself more on cryptocurrency and how it works, you can always enroll in an online course, too. Courses are offered at online platforms Coursera, LinkedIn Learning and Udemy.
If you’re interested in investing in other cryptocurrencies such as Dogecoin, Ethereum and Tether, here are some other options to get started (all also offer bitcoin):
If you already own bitcoin, you can purchase gift cards using the cryptocurrency at eGifter.com. Retailers include Amazon, Walmart, Wayfair and Lululemon.
One bitcoin is currently worth over $46,000, as of Aug. 11, according to real-time data tracked by CoinMarketCap (note, though, market capitalization is constantly changing).
Its market capitalization is currently over $871 billion.
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Nicolette Accardi can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi. Find NJ.com on Facebook. Have a tip? Tell us. nj.com/tips
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