AMC announces it will accept Dogecoin as currency

Dogecoin, Shiba Inu coin, and other cryptocurrencies will now be accepted as payment methods on the AMC app. In a tweet on Friday, AMC CEO Adam Aron thanked Bitpay for powering the app, which will allow customers to buy tickets using a variety of cryptocurrencies.

Bitpay, a payment system akin to Apple Pay or Paypal, requires users to link their digital currencies to the Bitpay network. Users may then choose between multiple cryptocurrencies as their preferred payment option, including Wrapped Bitcoin, Litecoin, and five additional dollar-pegged stablecoins.

As of Saturday, an evening ticket to Fantastic Beasts: The Secrets of Dumbledore, a large popcorn and drink costs 263.42 Dogecoin or 1,440,809.969 Shiba Inu coins. Paypal partnered with Bitcoin and Ethereum in October, allowing AMC to accept payments in those two major coins via the online payment system.

Last spring, Tesla also accepted Dogecoin for two months. Elon Musk, a staunch backer of Dogecoin, indicated at the time that cryptocurrency transactions will be reinstated “as soon as mining transitions to more sustainable energy.” In 2013, Dogecoin was founded as a joke to ridicule the volatility that characterized the early days of the cryptocurrency market. The visage of a Shiba Inu dog appears on the digital coin, along with the term “doge,” a reference to the “doge” meme.

About The Author:

Share this post:


You May Also Like: