Cryptocurrency

AMC Theatres, an American pro-crypto movie theater chain, updated its mobile app services to accept Dogecoin (DOGE), Shibu Inu (SHIB) and other cryptocurrencies as payment across the United States. 

AMC Theatres first started accepting crypto payments back on Nov. 12, 2022, which allowed customers to purchase movie tickets online using Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).

On Jan. 6, 2022, Adam Aron, the CEO of AMC Theatres, promised users via a tweet to include meme tokens DOGE and SHIB by March. While slightly delayed, Aron’s team delivered.

In the announcement, Aron disclosed that the AMC Theatres iOS and Android mobile apps could accept crypto payments via integration with BitPay, a bitcoin payment service provider. 

However, the names of the other newly supported cryptocurrencies are yet to be revealed. To use the feature, users in the U.S. are advised to download the latest version of the mobile app.

Related: Singaporean fintech adds Bitcoin payments for merchants with BitPay partnership

Nium, a Singapore-based cross-border payments firm, released an API-based solution in partnership with BitPay, which allow businesses to start accepting payments in crypto — starting with BTC and ETH.

As Cointelegraph previously reported, crypto payments via BitPay are converted and sent to merchants’ accounts in U.S. dollars or other fiat currencies the next business day.

Articles You May Like

Spot Ethereum ETFs See $515 Million Record Weekly Inflows – Details
Analyst Reveals When The Ethereum Price Will Reach A New ATH, It’s Closer Than You Think
Ethereum Attempts Key Breakout: Analysts Set Next Target As ETH Reclaims $3,200
Is Ethereum Undervalued? Investors Hold Firm While Price Targets Rise
Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation