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Crypto at the cinema? Moviegoers can soon pay with Bitcoin

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American cinema chain to accept bitcoin as a form of payment for online purchases.

You can soon purchase popcorn with cryptocurrency.

AMC Entertainment will soon offer consumers the option to pay using bitcoin for online purchases of movie tickets and food and beverage concessions, with what will be a first for the industry.  

Adam Aron, Chairman and CEO of AMC, told CNBC in an earnings call that the cinema is expecting to have the technology and IT systems in place to accept bitcoin by the end of 2021.

The announcement comes after the cinema’s second-quarter win, with the meme stock’s shares climbing more than 4 percent.

Adam Aron, CEO of AMC Entertainment.

In 2020, the closure of cinemas worldwide saw box-office receipts hit an all-time low.

According to the Motion Picture Association (MPA) THEME report for 2020, movie patronage plummeted from an average of 1 billion cinema admissions to just 240 million for the year. 

 However, an increase in vaccination counts saw a rise in movie-going demand, with AMC welcoming more than 22 million moviegoers from around the globe back to their theaters this year. 

“New blockbuster films released during the quarter drove successive new pandemic-era box office records,” Aron said. 

“Fortunately for us, as guests returned to our theatres, they splurged on our food & beverage offerings, which admittedly is quite a high-margin business.”

Along with the introduction of bitcoin, guests will also see Apple Pay and Google Pay as payment options on AMC’s website.  

“AMC’s journey through this pandemic is not finished, and we are not yet out of the woods,” Aron says. 

“[But] one can look ahead and envision a happy Hollywood ending to this story.”

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Written by Rebecca Borg

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Agricultural Investment: challenges, sustainability and risk management

“Farming: A meaningful lifestyle intertwined with nature, community, sustainability, and the challenges of risk management and market fluctuations.”

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Farming: A meaningful lifestyle intertwined with nature, community, sustainability, and the challenges of risk management and market fluctuations.

In Short

Farming is a rewarding lifestyle that involves overcoming challenges while fostering community and connection to nature. Emphasising sustainability and risk management, farmers adapt and persevere to thrive in their profession.

Farming is not just an investment; it represents a fulfilling lifestyle closely tied to the land.

Farmers experience the daily realities of seasonal cycles and weather patterns that influence their work.

They face various challenges, including disease outbreaks, fires, predators, and fluctuating market conditions.

Despite these hurdles, there are also significant triumphs that come with managing a farm or ranch.

Farming fosters a sense of community, bringing together people who share traditions and values.

There is a profound connection to nature that many farmers cherish in their daily lives.

Sustainability is becoming increasingly important, prompting farmers to adopt more environmentally friendly practices.

This shift not only benefits the land but also helps create new market opportunities by connecting farmers with consumers.

A key recommendation for those in agriculture is to focus on risk management.

Building external investments and diversifying income sources can provide a safety net against uncertainties.

Overall, the farming lifestyle is one of perseverance and adaptation, driven by a passion for the land and a commitment to community and sustainability.

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Budgeting Strategies for Economic Changes Post-2025

“Adapting Financial Strategies for a Changing Economic Landscape Beyond 2025: Budgeting for Uncertainty and Long-Term Goals.”

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Adapting Financial Strategies for a Changing Economic Landscape Beyond 2025: Budgeting for Uncertainty and Long-Term Goals.

In Short

The evolving economic landscape requires individuals to adapt budgeting strategies to manage financial challenges effectively. Staying informed and flexible in financial planning is essential for achieving long-term financial goals.

The economic landscape is evolving, necessitating new budgeting strategies for 2025 and beyond.

It is essential to regularly review and adjust your budget based on changing variables like inflation, interest rates, and fluctuations in income or expenses.

Staying informed about economic trends and financial news is crucial for making informed decisions regarding your finances.

Building a solid financial foundation will help individuals manage economic challenges and work towards their long-term financial objectives.

Flexibility in budgeting and an awareness of economic conditions will contribute to successful financial planning.

Achieving financial goals requires proactive measures and adaptations to ongoing changes in the economy.

Investing time in understanding financial trends can empower better decision-making regarding personal finances.

Preparation and adaptability are key in a volatile economic environment.

Establishing stable financial habits will provide resilience against unexpected economic shifts.

Overall, adapting budgeting strategies in response to the changing economic landscape will be vital for financial success in the coming years.

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Micro-investing: the tactic turning spare change into life-changing wealth

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How young Australians are reshaping their financial futures with small, smart moves

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

Micro-investing is becoming a popular financial tool, especially among younger investors. Offering low entry barriers, automation, and the benefits of compounding, micro-investing allows users to start growing wealth with small amounts. It’s an ideal option for those looking to develop positive financial habits early.

With time on their side, young investors can leverage micro-investing to build a solid financial foundation, but they must remain mindful of costs and strategies to make the most of their investments.

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