AMC Entertainment Holdings (AMC) is ending the long wait for Dogecoin and Shiba Inu fans. Adam Aron, CEO of AMC Theaters, has announced that starting in the new month, customers will be able to pay with two dog-themed memecoins.
Exciting announcement from AMC: AMC accepts payments in SHIB and DOGE in its hall
Aron revealed in a tweet that AMC Theater is ready to accept DOGE and SHIB due to the company’s BitPay integration. The declaration of acceptance by DOGE and SHIB was made for the first time in November 2021.
Payments made with BitPay will be published on AMC’s website on March 19th. On April 16, BitPay will also be integrated into AMC’s mobile app.
The announcement was praised by both meme token communities. Billy Markus, the co-founder of Dogecoin, welcomed the move. He noted that paying with DOGE at AMC Theater would be interesting.
The community has been waiting for this development for a long time. AMC began accepting Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) last November. AMC then showed the crypto community its plans to accept DOGE and SHIB in the future.
A surge in DOGE and SHIB prices also coincided after the recent announcement. As of yesterday, SHIB is trading at $0.000026, up 8.91%. DOGE is also up 6.62% over the past 24 hours and is trading at $0.13.
Memecoins are getting a lot of attention in the crypto community and are increasingly accepted
Dogecoin and Shiba Inu are not far behind among the most widely used cryptocurrencies.
In connection with complicated epidemics, in 2021 there were a number of medical companies that offered to accept payments in DOGE and SHIB. For example, PPE and medical supplies company CovCare claimed to be the first to accept payments in DOGE.
According to a report published by The Street this week, Dogecoin is set to come to eBay, an e-commerce giant.
The company’s CEO, Jamie Iannone, said eBay could make an official statement about the integration at the upcoming March 10 Investor Day.
SHIB was also timely integrated by Newegg, Travala and CoinGate in the last three months.
Retailers can use DOGE and SHIB payments to compete with larger competitors and companies that are constrained by more traditional payments.
Additionally, this is also a way for the company to get more mentions on the internet as both the DOGE and SHIB investor communities are very active on social media.
Accepting highly volatile memecoins was not an easy decision for the company. However, this has the benefit of showing that they are listening carefully and following the preferences of their customers.
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