Confirmed: AMC Now Accepts Bitcoin, Ethereum, Two Other Cryptos, Dogecoin To Follow
November 12 2021 - 12:00PM
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AMC has now 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. The announcement had said that it would
accept crypto payments online for both movie tickets and
concessions. Crypto Payments On AMC Are Official Everything on
AMC’s end looks to have worked right on schedule as the annulment
three months ago had stated that the company would begin accepting
crypto payments in the fourth quarter of the year. Aron took to
Twitter to announce the exciting news that AMC had in fact begun
receiving payments in four cryptocurrencies. These included
Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Big newsflash! As
promised, many new ways NOW to pay online at AMC. We proudly
now accept: drumroll, please… Bitcoin, Ethereum, Bitcoin Cash,
Litecoin. Also Apple Pay, Google Pay, PayPal. Incredibly, they
already account for 14% of our total online transactions! Dogecoin
next. pic.twitter.com/a7pqYBm7HB — Adam Aron (@CEOAdam) November
12, 2021 Related Reading | SpaceX Dogecoin-Funded DOGE-1
Mission Set To Launch In Q1 2022 At first, Bitcoin was the only
crypto that was to be accepted by the change but further reviews
had seen the theater chain add more options due to popular demand.
One of the reasons being bitcoin carried high transaction fees and
would not be the most 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 the popular meme coin Dogecoin
accepted and 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
Shiba Inu 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 already in operation,
speculations are it would not be too far in the future. However,
Aron had said nothing about its latest addition to its crypto
lineup; Shiba Inu. Related Reading | AMC Theatres Says
Customers Will Soon Be Able To Pay With Shiba Inu The CEO had
carried out another poll on Twitter, but this time 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 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
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