In a notice on the 29th of November, Coinbase, the largest US-based crypto exchange, stated that the wallet will no longer support Bitcoin Cash (BCH), XRP, Ethereum Classic (ETC), Stellar Lumens (XLM) as well as their networks.

According to the top crypto exchange, it decided to stop supporting these assets due to “low usage” and this decision will be effective from December 5, 2022.

“This does not mean your assets will be lost,” said the announcement. “Any unsupported asset that you hold will still be tied to your address(es) and accessible through your Coinbase Wallet recovery phrase.”

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The post Coinbase Wallet Will Stop Supporting BCH, XRP, ETC, and XLM from Jan. 23. Here’s why appeared first on Times Tabloid.

Such a needed adoption is coming from the largest movie theater chain in the world. In a tweet on 16th September 2021, Adam Aron, the CEO of AMC Theatres, confirmed that the firm will start accepting Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

Read Also: Raoul Pal: $20,000 Remains My Price Target for Ethereum (ETH), Happening in the Coming Months

According to the report, the three cryptocurrencies will be incorporated alongside Bitcoin (BTC) by the end of the year, for online ticket and concession payments.

Adam Aron tweeted, “Cryptocurrency enthusiasts: you likely know AMC Theatres 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.”

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

Prior to the latest announcement, AMC Theatres CEO, Adam Aron, had revealed that the company plans to add support for Bitcoin (BTC) during an earnings call in early August.

Back then, he also assured that the company will consider other cryptocurrencies, making the recent announcement the confirmation of the major step.

Read Also: 5-Star Chedi Andermatt Becomes the First Swiss Hotel to Adopt Bitcoin and Ethereum as Payment Method

AMC Theatres is the world’s largest cinema chain with 1,004 theaters and 11,041 screens. Back in March, the company managed to reopen theaters in California and New York, which are currently its most lucrative markets.

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The post CEO of World’s Largest Movie Theater Chain Confirms Adoption of Ethereum, Litecoin, Bitcoin Cash appeared first on Times Tabloid.