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Bitcoin Daily: AMC Theatres to Accept Several Cryptos By Year’s End; Loas to Allow 6 Companies to Trade, Mine Crypto; Agroforestry Group Now Accepts Bitcoin

AMC Theatres CEO Adam Aron said the movie theater will accept bitcoin, ether, bitcoin cash and litecoin for ticket purchases as it sees digital currencies gaining more traction, Reuters reported.

The company had already announced it would be taking bitcoin back in August, but it has now expanded the choices, according to the report.

Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash. pic.twitter.com/uKcFyQotoJ

— Adam Aron (@CEOAdam) September 16, 2021

“Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021,” Aron said in a Wednesday (Sept. 15) tweet. “I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash.”

The move puts AMC among the ranks of many other companies adopting crypto payments, although critics have sounded the alarm on possible environmental impact due to the energy used to make crypto.

In other news, the nation of Laos has officially modified its policy and will now let six companies trade and mine crypto, Bitcoin Magazine reported.

The government, meanwhile, will be devising new regulations for digital currencies, according to the report. The government has drastically shifted its ideas in this regard; up until recently, it had been warning against using cryptocurrency.

The groups that will be allowed to trade and mine crypto include Wap Data Technology Laos, Phongsubthavy Road and Bridge Construction, Sisaket Construction Company, Boupha Road-Bridge Design Survey, Joint Development Bank and Phousy Group.

Meanwhile, forestry company Agroforestry Group has begun accepting cryptocurrency for payments, according to a press release.

“Bitcoin holdings have expanded rapidly over the past five years, and there is growing demand from our clientele for convenient and flexible payment solutions,” Agroforestry Group’s Paul Martin said in the release. “Our decision to accept bitcoin, as well as other up and coming cryptocurrencies, was a result of strong positive feedback and requests from our customers.”

Agroforestry Group said in the release that blockchain technology could be the future, and that it could boost convenience and improve transactional costs for users.

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