AMC Theatres to Officially Start Accepting DOGE, SHIB Payments From March 19

BitPay-powered crypto payments for AMC Theatres will first be enabled for Web on March 19 and for app on April 16.

AMC Theatres to Officially Start Accepting DOGE, SHIB Payments From March 19

Photo Credit: Facebook/ AMC Theatres

Founded in 1920 in the US, AMC Theatres is the world’s largest movie hall chain

Highlights
  • SHIB, DOGE payment for AMC Theatres will begin on March 19
  • App users to get feature on April 16
  • CEO Adam Aron has confirmed the development on Twitter

Starting March 19, US-based AMC Theatres chain will begin accepting payments in Dogecoin and Shiba Inu meme-based cryptocurrencies. These transactions will be facilitated via BitPay, a crypto payment service provider. AMC Theatres is the largest movie hall chain in the world, operating in over 1,000 locations, it had earlier revealed in a regulatory filing in December 2020.

Adam Aron, the CEO of AMC Theatres tweeted that BitPay-powered Dogecoin and Shiba Inu payments will first be enabled for Web and will later be activated for its app users on April 16.

Back in November last year, when AMC Theatres had first begun to consider DOGE and SHIB payments, BitPay was not supporting Shiba Inu.

At the time, Aron had claimed that the crypto payment processing company decided to start supporting SHIB at his request.

Currently, Dogecoin and Shiba Inu are priced $0.14 (roughly Rs. 10.40) and $0.002018 (roughly Rs. 0.15), respectively.

Tesla chief Elon Musk, who is an avid supporter of the DOGE, has often promoted the meme-coin as “people's crypto”.

Musk believes that Dogecoin transaction fees should be reduced even more in order to make everyday purchases “viable” to the average consumer. Also called Gas Fee, the transaction charges on crypto payments are charges that crypto users pay to miners on a blockchain protocol to have their transaction included in the block.

As per research platform BitInfoCharts, the average Dogecoin gas fee is around $0.386 (roughly Rs. 29).

Previously, AMC Theatres had added payments options in Bitcoin, Ether, Litecoin, and Bitcoin Cash for tickets online through PayPal.


Gaana CEO and Spotify's India chief join us on Orbital, the Gadgets 360 podcast, to discuss India's unique music streaming landscape. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.

Cryptocurrency Prices across Indian exchanges

Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Radhika Parashar
Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More
Lenovo Legion Y7000P (2022), Legion Y9000P (2022) Gaming Laptops With 12th-Gen Intel Chips Launched
Amazon's Alexa to Let Customers Avail Voice-Activated Virtual Care Programme
Share on Facebook Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2022. All rights reserved.