HELEN PARTZ NOV 12, 2021
AMC Theatres debuts online Bitcoin payments after months of teasing
AMC Theaters now accepts online payments in Bitcoin, Ether, Bitcoin Cash and Litecoin, with Dogecoin coming next.
American cinema giant AMC Theatres is finally adopting cryptocurrencies such as Bitcoin (BTC) for online payments following months of teasing the new payment option.
AMC CEO Adam Aron announced Thursday that the company now proudly accepts four major cryptocurrencies including Bitcoin, Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) for online payments.
The new payment method already accounts for 14% of AMC’s total online transactions, Aron said, adding that cryptocurrencies join traditional payment options like Apple Pay, Google Pay and PayPal.
Dogecoin (DOGE), a popular meme cryptocurrency that 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.
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.
Related: Visa working on blockchain interoperability hub for crypto payments
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.
The firm did not immediately respond to Cointelegraph’s request for comment.