Confirmed: AMC Now Accepts Bitcoin, Ethereum, Two Other Cryptos, Dogecoin To Follow

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.

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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.

Dogecoin price chart from TradingView.com

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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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AMC Theaters Considers Accepting Shiba Inu As Payment Amid Growing Interest

AMC Theatres, the largest movie theater chain in the world, is considering adding Shiba Inu (SHIB) as a way to pay for tickets.

On Friday, the CEO of the theatre chain, Adam Aron, put up a poll on Twitter asking the crypto community if they would be potentially interested in paying for movie tickets with Shiba Inu.

After acquiring some cinemas in 2016, AMC became the largest movie theater chain in the world. It has 2,866 screens in 358 theatres in Europe and 7,967 screens in 620 theatres in the United States.

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Shiba Inu – A Potential Means Of Payment

AMC Theatres is already in the process of integrating the payment options for movie tickets using Bitcoin, Litecoin, Ethereum, and Dogecoin, into its system. So this recent development is not really a surprise.

On Friday, Shiba Inu overtook Dogecoin to become the ninth-largest cryptocurrency by market capitalization. With a market cap of $40,476,844,035, the meme coin was up 5.13% in the last 24 hours.

Related Reading | By The Numbers: What $1000 In SHIB Is Worth Now

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In the early hours of Friday, Aron took to his Twitter page to ask users if the company should accept online payments in Shiba Inu in addition to the other digital currencies that it’s working on.

The poll already has a significant number of interactions even though there are still four days left to vote. At the time of writing, 121,916 Twitter users have already voted. So far, 87% support the movie theater chain accepting SHIB, while 13% are opposed to the idea.

This is, however, not Aron’s first Twitter poll of this sort. The first poll, which was conducted in September, was about whether AMC Theatres should accept rival meme coin Dogecoin. That poll also attracted a lot of attention. And after the voting ended, Aron expressed his fascination with the number of interactions it garnered.

Among those who liked his tweet was Tesla CEO and dogecoin supporter Elon Musk.

AMC Theatres And Crypto

The multinational entertainment giant has been showing serious interest in blockchain technology recently.

Last week during an interview with CNBC, CEO Adam Aron discussed AMC’s crypto ambitions. He said, “We’ve made a lot of noise in the last few months about getting hyperactive in cryptocurrency.” He also discussed the possibility of issuing company-specific crypto.

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In August, the firm stated its intention to include Bitcoin payments for movie tickets into its infrastructure by the end of this year.

The following month, the theater giant expanded on those crypto payment options by including Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). According to Aron, moviegoers are keen to pay for their movies with crypto at AMC theatres. These new payment methods will also be available by the end of the year.

SHIBUSD on TradingView.com

SHIBUSD on TradingView.com


SHIB trading at $0.0000736 | Source: SHIBUSD on TradingView.com

Earlier this month, AMC added Dogecoin to the list of crypto payment options. However, this will be added in early 2022. The company also announced that users can now buy digital gift cards with Dogecoin and other cryptocurrencies using their BitPay wallets.

Last month, the CEO of AMC theatres also indicated its interest in minting commemorative movie tickets as non-fungible tokens (NFTs) during a CNBC interview.

Featured image by Financial Times, Chart by TradingView.com

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Bitcoin (BTC) $ 26,577.12 1.64%
Ethereum (ETH) $ 1,617.18 2.03%
Litecoin (LTC) $ 64.39 0.65%
Bitcoin Cash (BCH) $ 232.33 9.15%