AMC Entertainment Holdings Inc.it is CMA the mobile app started accepting payments in Dogecoin DOGE/USD and shiba inus SHIB/USDand other cryptocurrencies for their movie tickets.
What happened: In a recent tweet, the CEO of AMC Adam Arron announced that crypto payments are now accepted on the company’s smartphone app.
Customers can use crypto-payment provider BitPay to spend DOGE and SHIB on tickets.
Exactly as promised, the AMC Mobile App for US Theaters from AMC now accepts online payments using Doge Coin, Shiba Inu and other cryptocurrencies – thanks to Bitpay. Also Apple Pay, Google Pay and Paypal. To do this, you will first need to update to the latest version of our app. pic.twitter.com/MMy7SIxYbl
— Adam Aron (@CEOAdam) April 15, 2022
Also read: AMC token will be launched on April 30, but does it have anything to do with the company?
AMC is already accepting various crypto payments for ticket purchases. It implemented SHIB and DOGE on its website in March via BitPay.
Your answers might just break the internet, given your enthusiasm and interest in cryptocurrency. As promised, the https://t.co/SPYfKWXcwi The website now accepts Dogecoin and Shiba Inu for online payments! A special dedication to @BitPay for helping us get there. pic.twitter.com/6bwPvQfEet
— Adam Aron (@CEOAdam) March 10, 2022
The company started allowing customers to pay using Bitcoin BTC/USD back in 2021.
What matters : According to reports, crypto payments on AMC’s web client account for around 14% of all of its movie ticket transactions.
AMC also launched its NFT collectibles via the WAX blockchain, both in tandem with “Spider-Man: No Way Home” and also as a reward for AMC shareholders.
AMC released The Batman NFT via Palm, a sidechain scaling solution for Ethereum ETH/USD as well.
At the time of writing, Dogecoin was down 2.28% in the last 24 hours at a current price of $0.1444. It is up 1.04% over the past seven days.
However, Shiba Inu lost less than a percentage point in the past 24 hours and was trading at $0.00002577. The broader crypto market is up around 0.34% over the past day.
Also Read: AMC Acquires 7 Theaters From Bow Tie Cinemas