The largest American cinema chain, AMC theaters, has finally agreed to start accepting cryptocurrencies as a valid means of payment after months of teasing a possible adoption of the virtual currencies.
The CEO of AMC, Adam Aron, was the one who made the announcement that the company is now accepting the four major cryptos Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) as payment.
He also mentioned that Dogecoin would be the next addition to the list. The company had begun accepting Doge as a valid payment method for gift cards in partnership with BitPay just last month.
Big newsflash! As promised, many new ways NOW to pay online at AMC. We proudly now accept: drumroll, please… Bitcoin, Ethereum, Bitcoin Cash, Litecoin. Also Apple Pay, Google Pay, PayPal. Incredibly, they already account for 14% of our total online transactions! Dogecoin next. pic.twitter.com/a7pqYBm7HB
— Adam Aron (@CEOAdam)
The adoption already accounts for 14% of the company’s total online transactions. The CEO had also recently did a Twitter poll where he asked if Shiba Inu (SHIB) should be added to the list with Dogecoin.
Back in August, AMC announced its plan to start accepting Bitcoin payments for movie tickets by the end of the year. The company has almost 600 theaters in the U.S. alone and more than 300 all around the world.
AMC almost went bankrupt last year due to COVID but was saved by an army of day traders on Reddit and Twitter. They sent the company’s stock rallying by around 2,300%. The CEO embraced the company’s status as a meme stock and even told investors in an earnings call last month that AMC is exploring the idea of creating its own cryptocurrency.