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AMC Theatres Adopting Crypto Payments After Months Of Teasing New Payment Option

AMC Theatres, the American cinema giant, is adopting cryptocurrencies such as Bitcoin (BTC) for online payments after months of teasing the new payment option.

It has been reported that AMC CEO Adam Aron announced that the company now proudly accepts four major cryptocurrencies including Bitcoin, Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) for online payments.

Aron said that the new payment method already accounts for 14% of AMC’s total online transactions by adding that cryptocurrencies join traditional payment options like Apple Pay, Google Pay, and PayPal.

However, Dogecoin (DOGE) has skyrocketed 9,000% over the past year, will be the next digital currency accepted for online payments at AMC, Aron noted. He previously promised that AMC will support DOGE payments for tickets after his 140,000-voter Twitter poll convinced the company to accept the cryptocurrency as payment.

The report said that Aron eventually conducted a similar poll for Shiba Inu (SHIB), another popular meme cryptocurrency that overtook Dogecoin in market capitalization in late October. The latest news is part of AMC’s plans to debut Bitcoin payments for movie tickets by the end of 2021.

The company announced the plan in August, eventually expanding the list of supported cryptocurrencies to coins like ETH, BCH, LTC, and DOGE.

Thus, AMC has been steadily approaching its goal of accepting cryptocurrency payments by year-end, debuting crypto payments for digital gift card purchases in early October.

Source: Cointelegraph



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