AMC To Accept Dogecoin And Shiba Inu Cryptocurrency Payments in 2022

By Parasshuram Shalgar
January 8, 2022 Updated January 8, 2022
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AMC currently accepts Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Apple Pay, Google Pay, and PayPal.

The news on Dogecoin and Shiba Inu comes as AMC has already begun supporting alternative payment methods like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Apple Pay, Google Pay, and PayPal.

“I’ve been asked often when AMC anticipates accepting Dogecoin and Shiba Inu for all payments made through the AMC website and mobile app,” Aron tweeted Thursday. “I am informed that we are still on schedule to complete the implementation in Q1, with a precise date most likely in March.”

Aron initially hinted about supporting Dogecoin in September and started accepting the meme currency for gift card purchases of up to $200 per day using BitPay in October. Aron tweeted on Nov. 15 that AMC intended to embrace Shiba Inus within 60 to 120 days.

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The news on Dogecoin and Shiba Inu comes as AMC has already begun supporting alternative payment methods like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Apple Pay, Google Pay, and PayPal.

Additionally, Aron hinted that AMC is investigating its potential to develop its cryptocurrency. Bitcoin, the world’s most valuable cryptocurrency, is now selling about $43,000 per coin, while Ethereum, Litecoin, Bitcoin Cash, Dogecoin, and Shiba Inu are trading at around $3,400, $137, $400, 16 cents, and 3 cents per coin, respectively.

Acceptance of cryptocurrency is only one of the areas AMC is concentrating on after a gain in liquidity from share sales, the reopening of its theatres during the COVID-19 epidemic, and a boost from last year’s retail investor-led meme stock craze.

AMC is also pursuing alternative content, such as live sports events, the purchase of additional theatre leases, a $25 million national advertising campaign, and an expansion into the retail popcorn sector.

Bitcoin, the world’s most valuable cryptocurrency, is now selling about $43,000 per coin, while Ethereum, Litecoin, Bitcoin Cash, Dogecoin, and Shiba Inu are trading at around $3,400, $137, $400, 16 cents, and 3 cents per coin, respectively.

Acceptance of cryptocurrency is only one of the areas AMC is concentrating on after a gain in liquidity from share sales, the reopening of its theatres during the COVID-19 epidemic, and a boost from last year’s retail investor-led meme stock craze.

Parasshuram has been online in various capacities as a pro-blogger, top researcher, and now a senior editor at CoinGape.com. He has over 14 years of experience in the field of online publishing. Mr Shalgar can be reached at [email protected]
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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