The report said that AMC Theatres, an American pro-crypto movie theater chain, updated its mobile application services to accept Dogecoin (DOGE), Shiba Inu (SHIB), and other cryptocurrencies as payment across the United States.
It has been reported that AMC Theatres first started accepting crypto payments back on November 12, 2021, which allowed customers to purchase movie tickets online using Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).
However, on January 6, 2022, Adam Aron, the CEO of AMC Theatres, promised users via a tweet to include meme tokens DOGE and SHIB by March. While slightly delayed, Aron’s team delivered.
Aron disclosed that the AMC Theatres iOS and Android mobile apps could accept crypto payments via integration with BitPay, a Bitcoin payment service provider. The names of the other newly supported cryptocurrencies are yet to be revealed. To use the feature, users in the US are advised to download the latest version of the mobile app.
The report said that Nium, a Singapore-based cross-border payments firm, released an API-based solution in partnership with BitPay, which allow businesses to start accepting payments in crypto, starting with BTC and ETH.
Thus, as previously reported, crypto payments via BitPay are converted and sent to merchants’ accounts in US dollars or other fiat currencies the next business day.
Source: Cointelegraph