Tag: amc theatre

AMC Theatres Accepts Crypto Payments to Purchase Electronic Gift Cards

AMC Theatres, America’s top theatre, first launched an electronic gift card that can be purchased with cryptocurrency.

AMC Entertainment Holdings Inc is preparing for the full acceptance of cryptocurrencies for online ticket and concession payments by the end of the year.

CEO Adam Aron announced on Twitter yesterday that customers can use BitPay wallets to purchase electronic cards with a daily value of up to $200 in cryptocurrency on AMC Entertainment’s official website, mobile applications, and theatre scenes.

Among them, Aron specifically pointed out the meme coin, Dogecoin, and said that this news would be great news for the loyal supporters of Dogecoin.

As reported by Blockchain.News on September 17, Adam Aron revealed the plan through his Twitter account that the US movie theatre chain will allow customers to pay for ticket purchases and snacks using Bitcoin, Ethereum, Bitcoin Cash, and Litecoin in the coming months.

In addition to the first time, Aron also hinted that in addition to Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, these four types of cryptocurrencies would also open the payment door for Dogecoin, and replied in a poll by saying, “it’s clear that you think AMC should accept Dogecoin. Now we need to figure out how to do that. Stay tuned.”

AMC Theatres to Accept Shiba Inu and Dogecoin by March 19

American entertainment and cinema brand AMC Theatres integrates Dogecoin (DOGE) and Shiba Inu (SHIB) as payment options for its services.

As unveiled on Twitter by the company’s Chief Executive Officer, Adam Aron, the integration on the company’s website can happen as fast as the 19th of this March, while the update on mobile applications will not be expected until after April 16.

“This might rev up the Cryptocurrency fans amongst you. AMC IT says that BitPay will be live for AMC online payments on our website by March 19 and live on our mobile apps by April 16. Possibly a few days earlier. BitPay, and therefore soon AMC, accepts DogeCoin and Shiba Inu,” the Twitter announcement reads. 

The move to add the world’s two biggest memecoins trails a dogged pushed by AMC Theatres to become the go-to place for both millennials and Gen-Z, most of which have taken so much liking into digital currencies in recent years. Coupled with AMC stock trades on the New York Stock Exchange (NYSE), it is considered a meme stock alongside GameStop and amongst those heavily shorted by Wall Street veterans.

The designation of AMC as a meme stock accounts for one of the reasons why the fast-growing digital currency ecosystem decided to rally around the company. This history lent credence to the initial considerations of the company to begin accepting digital currencies as payments for its services and merchandise.

AMC’s dive into the cryptocurrency ecosystem has gained traction thus far, with the company revealing back in October that it has started accepting crypto as payment to purchase electronic gift cards. In addition, AMC Entertainment began accepting Bitcoin payments at the end of last year, setting the pace for the inclusion of Shiba Inu and Dogecoin at this time.

The company has presented itself as one that listens to its community members as the crypto drive is arguably a function of a poll conducted by Aron. The majority of respondents supported the crypto integration plan.

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