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AMC Theatres Launches Payments in Crypto via BitPay

UTC by Juhi Mirza · 3 min read
AMC Theatres Launches Payments in Crypto via BitPay
Photo: AMC Theatres

AMC’s partnership with Bitpay will also permit the company to support three other cryptos such as Bitcoin Cash, Litecoin, and Ethereum along with Doge.

From the announcement made by AMC Theatres on October 5th, it has become known that the company has decided to become more adept towards cryptocurrency and is now starting to accept payments in crypto for their electronic gift cards. The consumers will be able to purchase these digital cards through the company’s official website, app, and theatres.

AMC Theatres Will  Be Accepting  Payments in Dogecoin for Its E-Card Purchases

The CEO of AMC theatres Adam Aron took to Twitter to announce that their consumers can now avail e-cards up to $200 by making payments in Doge.

This marks a significant step into the worldwide adoption of Dogecoin as one of the viable cryptocurrencies available. The new payment option will be processed in association with the Bitpay Wallet.  Bitpay has emerged as one of the most successful Bitcoin payment service providers and has been chosen by many prominent enterprises to facilitate payments in crypto. The company was founded in 2011 and has partnered up with many enterprises including the famous NBA team Dallas Mavericks.

Aron had previously conducted a poll on Twitter asking the community whether the theatre giant should accept payments for its tickets in Doge. AMC’s partnership with Bitpay will also permit the company to support three other cryptos such as Bitcoin Cash, Litecoin, and Ethereum along with Doge. The following move of the company has garnered immense praise and attention from the Crypto Twitter community. Moreover, Aron’s announcement tweet was also liked by Tesla CEO Elon Musk.

The prices of Doge have also risen consistently and are up by 13% (October 5th, 2021). Currently, the Shiba Inu-inspired currency is trading 2.3% higher over 24 hours at $0.25. Since 2021, Dogecoin has surged up to 4425.05% and has become one of the most popular cryptocurrencies to trade with.

The Doge community on Twitter is particularly thrilled with the AMC’s move and has applauded its decision to accept payments in Doge. Electronic gift cards are used widely across the world to avail other items and can be utilized as the most effective method to help scale Dogecoin and make the currency more acceptable in other domains of services as well.

Founded in 1920, AMC Theatres is a prominent movie theater chain headquartered in Leawood Kansas United States. The company possesses the largest share of the US theatre market ahead of Regal and Cinemark Theatres and has approximately 358 operational theatres in Europe and 620 theatres in the United States.

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Juhi Mirza
Author Juhi Mirza

Juhi Mirza is an archaeology major who is obsessive about blockchain/Crypto technology and deems it to be the foundational philosophy of the future. Her dogged ability to research and crystallise technical facts/multiple perspectives into rivetting stories makes her an accessible finance writer. She tends to her archaeological pursuits and loves unearthing the past over the weekends.

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