Saturday, December 10

Shiba Inu and Dogecoin Now Accepted by AMC’s Mobile App

The official mobile app of  AMC Theatres, the world’s largest movie theater chain, now allows users to purchase tickets with the help of Shiba Inu and Dogecoin, according to an announcement made by CEO Adam Aron. Users have to update their app to their latest version to pay with the two largest mem coins.

Raed Also: President Biden to Nominate Michael Barr as Fed Vice Chair for Supervision

As reported by U.Today, AMC finally added support for Shiba Inu and Dogecoin on its website in early March with the help of the leading cryptocurrency payment processor BitPay. 

The company planned to accept the two cryptocurrencies towards the end of 2021 after Aron ran polls on Twitter to gauge demand.

Dogecoin co-Founder Billy Markus has stated that the movie theater giant should also consider sharing the usage members to guyage how famous the new payment options are. Markus agrees that such a move could spur more demand by promoting “ competitive purchasing “

Read Also: SHIB Accepted by Delivery App, DOGE Pumps on Elon Musk’s Offer to Buy Twitter, ETH Surged Above $3,100: U Today Digest cryptolifedigital.

AMC started accepting Bitcoin, Ethereum, and various other cryptocurrencies back in November after previously announcing the plan in August.

The movie theatre chain, whose stock turned to be the darling of  “Yolo” traders in early 2021, is known for its unorthodox decisions. Last month, the company stunned the investment community by buying a stake in a Nevada-based gold mining company.

Share this:

3 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *