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AMC Entertainment Holdings, the largest theater chain worldwide, has launched online crypto payments. AMC theaters will now accept payments in four different cryptocurrencies.
AMC Now Accepts BTC, ETH, and More
Adam Aron, CEO of the theater chain AMC, has announced on Twitter that the theater company now officially accepts cryptocurrency.
This means that going forward, customers can use four cryptocurrencies—Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH)—as a means of payment while booking movie tickets online. AMC also plans to accept Dogecoin (DOGE) next, Aron confirmed. Aron further claimed that crypto already makes up 14% of all of AMC’s online transactions.
With one phrase in his tweet, “Dogecoin Next,” Aron appeared to confirm that the company plans to accept Dogecoin (DOGE) soon. This move is not as surprising, given that AMC began allowing Dogecoin as a payment option for gift cards in October.
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
Founded in 1920, AMC is the largest movie theater company in the world, with over 11,000 screens and about 1,000 venues globally. Its decision to support crypto payments has been hailed as a huge step for crypto adoption.
Aron had previously conducted Twitter polls, asking followers if AMC should also accept top meme coins Dogecoin and Shiba Inu (SHIB). After today’s announcement, Dogecoin support has been confirmed, though it remains to be seen if the company will add support for Shiba Inu later.
Just like Doge, Shiba Inu’s popularity has been on the rise as a meme coin, and the token briefly overtook Dogecoin by market capitalization in late October.
AMC initially expressed interest in cryptocurrency during a Q2 investor call to improve its payments systems.
Disclosure: At the time of writing, the author of this piece owned ETH and several other cryptocurrencies.
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