AMC has started accepting payments in Bitcoin, Litecoin, Bitcoin Cash, and Ethereum and hinted at the later addition of Dogecoin as a payment method
AMC Increase In Crypto Usage
AMC, the movie theater operator, must have planned for success when it added crypto payment options in September, although perhaps not quite this quickly. However, the company has only been accepting Bitcoin, Litecoin, Bitcoin Cash, and Ethereum payments for less than two months, and according to the CEO, crypto payments account for no less than 14% of the company’s total online transactions.
AMC’s CEO expressed his delight and hinted at a new payment option.
AMC CEO Adam Aron claimed on Twitter that the business had delivered on its commitment to incorporate a variety of payment alternatives. He cited Bitcoin, Litecoin, Bitcoin Cash, and Ethereum in his list, and then went on to say that AMC now accepts PayPal, Google Pay, and Apple Pay as well.
“They already account for 14 percent of our overall online transactions,” Aron points out. To be honest, this demonstrates a commendable increase in crypto usage among AMC customers.
New Payment System To Be Added
Aron didn’t leave it at that. In the ending section of his tweet, he also alluded to Dogecoin being added as a payment mechanism in the future, adding “Dogecoin next.”
Recall that in September, shortly after integrating crypto payment options, the AMC CEO conducted a Twitter poll to gauge customer sentiment on whether the company should also accept payments in the meme coin.
An incredible number of people voted yes in that survey. However, despite adding DOGE as a payment option for its digital gift cards last month, the company has yet to make Dogecoin a fully-fledged payment option for online tickets.
The stock of memes is rising, according to AMC.
AMC’s fortunes changed for the better in 2021, because to the “meme stock” boom, which the company experienced alongside video game store GameStop.
It drew the attention of ordinary investors on platforms like Reddit, where it reached highs of over $60 in June after starting the year at a price of around $3. Though it has since retraced, it is currently selling at roughly $40 per share.