AMC Theatres Accept Dogecoin and Shiba Inu Payments in Q1, CEO Confirms
The CEO of the world’s largest movie exhibition company, AMC Entertainment, says his company is on track to accept meme cryptocurrencies dogecoin (DOGE) and shiba inu (SHIB) in the first quarter of this year.
Dogecoin and Shiba Inu Coming to AMC Theatres Soon
The CEO of AMC Theatres, Adam Aaron, has provided an update on his company’s progress in accepting meme cryptocurrencies dogecoin (DOGE) and shiba inu (SHIB).
AMC Entertainment Holdings (NYSE: AMC), aka AMC Theatres, is the largest movie exhibition company in the U.S., Europe, and the world. The company owns or operates approximately 950 theaters and 10,500 screens globally.
Aron tweeted Thursday that he has been asked repeatedly when AMC expects to accept dogecoin and shiba inu cryptocurrencies “for any and all payments made via the AMC website and mobile app.” He clarified that he is being told that AMC is still “well on track” for the promised Q1 implementation, noting that the exact month is most likely March.
The AMC executive announced in November last year that his company will accept DOGE and SHIB via Bitpay. At that time, Bitpay had not started supporting shiba inu. Aron claimed that the crypto payment processing company decided to start supporting SHIB at his request.
AMC will start accepting shiba inu in Q1 this year. In early December, Bitpay, which already supported DOGE, started supporting SHIB.
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