American cinema operator AMC Amusement is aiming to take Bitcoin (BTC) payments for movie tickets by 2022.

Speaking during a Monday conference call regarding the business firm's Q2 results announced before the same day, AMC chairman and CEO Adam Aron revealed that the movie theatre chain intends to have the infrastructure fix to take BTC payments for online flick tickets past the stop of 2022.

While details regarding AMC'due south plan to have Bitcoin are scant, Aron reported strong need for ownership flick tickets with crypto from the house'due south customers.

AMC's Q2 results showed significant improvements compared to last twelvemonth, reporting $444 million in revenue compared to Q2 2022's $18.ix million in acquirement. Internet losses also declined from $561 million or $5.38 per share to $349 million or $0.71 per share year-over-year.

Along with adopting BTC payments, AMC also announced plans to open up more than than a dozen locations across the United States, Europe and the Heart Due east this year.

The chairman also fabricated the unlikely claim that he had first learned about crypto assets after being elected to the lath of Centricus Acquisition on May six — one week earlier Centricus acquired blockchain technology firm Arqit.

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AMC'south impressive Q2 results come up simply one year after the firm appeared destined for bankruptcy, with the cinema operator being forced to close venues as the global coronavirus pandemic spread.

Among the pandemic, notorious Reddit-based pump-and-dump group r/Wallstreetbets converged on AMC shares to drive a 900% gain in its stock during January. Co-ordinate to data from TradingView, the price of AMC stock is upwards 1,200% year-to-date after rallying from roughly $2.60 to $34 equally of this writing.