AMC Asap Accepts Bitcoin, Ethereum, Two Other Cryptos, Dogecoin To Follow
The announcement had said that it would accept crypto payments online for both movie tickets and concessions. Actually, AMC has immediately officially become the first theater chain to accept Bitcoin, Ethereum, and cryptocurrency payments on its platform. This has been a long time coming after CEO Adam Aron had first announced the entertainment giant’s plans to accept crypto payments by the end of the year.
Crypto Payments On AMC Are Official
Aron took to Twitter to announce the exciting report that AMC had in fact begun receiving payments in four cryptocurrencies. As you may know, These included Bitcoin, Ethereum, Bitcoin Cash, and from another perspective Litecoin. Everything on AMC’s end looks to have worked right on schedule as the annulment three months ago the stated that the company would begin accepting crypto payments in had fourth quarter of the year.
It’s worth noting that As promised, many novel ways Instantlyto pay online at AMC. We proudly instantly accept: drumroll, please… Bitcoin, Ethereum, Bitcoin Cash, Litecoin. Also Apple Pay, Google Pay, PayPal. ., Dogecoin move forwardActually Incredibly, they already user ID for 14% of our total online transactions! Big newsflash!pic.twitter.com/a7pqYBm7HB
— Adam Aron (@CEOAdam) November 12, 2021
Related Reading | SpaceX Dogecoin-Funded DOGE-1 Mission Set To Launch In Q1 2022
Interestingly, At first, Bitcoin was the only crypto thatmorewas to be accepted by the transform but further reviews had seen the theater chain add options due to popular demand. One of the reasons being bitcoin carried high transaction fees and would not be the most as a matter of fact ideal option for carrying out small transactions. Not long after the bitcoin announcement, CEO Adam Aron had announced that Ethereum, Bitcoin Cash, and Litecoin would be joining the lineup.
Doge begins another recovery trend | Source: DOGEUSD on TradingView.com
Other additions came later after Aron had carried out a poll on Twitter. In the poll, he asked the community if they would like to see theandpopular meme coin Dogecoin accepted the majority had voted yes. So AMC had incorporated Dogecoin payments for gift cards and plans to introduce Doge payments for movie tickets and concessions.
When Are Dogecoin And ShibaInu Payments Coming?
In the announcement tweet, Aron had said that Dogecoin payments were coming. There was no definite timeline given for this but with four cryptocurrencies speculations in operation, already are it would not be too far in the future. However, Aron had said about its latest addition tonothingits crypto lineup; Shiba Inu.
Related Reading | AMC Theatres Says Customers Will Soon Be Able To Pay With Shiba Inu
Actually, The CEO had carried out another on Twitter, but thispolltime for Dogecoin’s rival Shiba Inu. Once again, the majority had voted in favor of adding the meme coin as a payment method and Aron in modern times had confirmed in an earnings call that it would be implementing Shiba Inu payments in the future. The SHIB community inquired about when they should expect to be able to pay with their coins, but there has been no update from AMC regarding the matter.
Google Pay, Apple Pay, and PayPal were also introduced alongside cryptocurrency payments.
Featured image from Bloomberg, chart from TradingView.com
