AMC Theatres debuts online Bitcoin payments after months of teasing

After months of speculation, American cinema giant AMC Theatres finally adopted cryptocurrencies such as Bitcoin (BTC), for online payments.

Adam Aron, CEO of AMC, announced Thursday that AMC now accepts four major cryptocurrencies for online payments. These include Bitcoin Cash (BCH), Bitcoin Ether (ETH), Bitcoin Cash(BCH), and Litecoin.

Aron stated that the new payment method accounts for 14% already of AMC’s online transactions. He also added that cryptocurrencies are now available alongside traditional payment options such as Apple Pay, Google Pay, and PayPal.

Aron stated that Dogecoin (DOGE), which is a meme cryptocurrency, has risen 9,000% in the past year and will soon be accepted by AMC for online payments. After his 140,000-strong Twitter vote, he promised that AMC would accept DOGE payments for tickets.

Aron conducted a similar survey for Shiba inu (SHIB), another meme cryptocurrency that easily overtook Dogecoin’s market capitalization in October.

This latest news is in line with AMC’s plans to launch Bitcoin payments for movie tickets by 2021. In August, the company announced this plan, and eventually expanded the list of supported cryptocurrencies to include coins such as ETH, BCH or LTC.

Related: Visa works on a blockchain interoperability hub to allow crypto payments

AMC is steadily moving towards its goal to accept cryptocurrency payments by the end of the year. In October, AMC launched crypto payments for digital gift cards.

Cointelegraph did not receive a response from the firm immediately to our request for comment.

https://cointelegraph.com/news/amc-theatres-debuts-online-bitcoin-payments-after-months-of-teasing