The cryptocurrency industry has reached yet another milestone on its path to global adoption. As of yesterday, November 12, 2021, AMC accepts cryptocurrency payments. Adam Aron, the CEO of MC, made the announcement on Twitter. According to Aron, AMC now accepts online payments in four cryptocurrencies, with a fifth coming soon. He also stated that three other digital payments are accepted: Google Pay, PayPal, and Apple Pay.
On Friday, an ecstatic Aron made the announcement via Twitter under the handle ADAM ARON (@CEOADAM). In his excitement, he added some drama to the tweet by requesting drum rolls before listing the cryptocurrencies that AMC now accepts. Payments to AMC can now be made online using Litecoin, Ethereum, Bitcoin, and Bitcoin Cash, according to Aron; Dogecoin, the fifth cryptocurrency, will be added soon.
According to Aron, the cryptocurrency and digital Pay systems already account for 14% of AMC’s online payments.
Cheers and congratulatory messages greeted the much-anticipated announcement, and followers tweeted their eagerness to try out the new payment options. Aron had previously stated in September that AMC would have a cryptocurrency payment feature by the end of the year. They have now made the film available in time for the end-of-year theater rush when families and individuals flock to theaters during the holiday season.
Aron recently polled his followers on Twitter to see if they wanted AMC to accept Dogecoin payments. 99,426 people agreed out of 140,000 who responded.
AMC Riding on Memecoin Fame
AMC is unofficially associated with memecoins and has benefitted from the fame that followed, which appears as a rewarding event. Dogecoin and Shiba Inu effectively surged AMC’s popularity among the crypto community in recent months.
AMC has been accepting Dogecoin for gift card payments since October. Dogecoin can be used to purchase gift cards worth up to $200 at AMC. When full Dogecoin payment is implemented, the feature will be expanded to include theater payment using a BitPay wallet
CEO Aron also rolled out a Twitter poll to ask opinions about including Shiba Inu payment. Again, most of the 131,000 respondents agreed. Could we say a Shiba Inu payment feature on AMC soon? With AMC’s share doing a massive 1600% this year, Adam Aron will be looking for creative ways to pull higher moves.
Memecoins Are Taking Over
Dogecoin and Shiba Inu are leading the race for memecoins to reach $1 per token. Dogecoin, the most valuable memecoin as of now, has a market cap of $34 billion and currently trades at $0.2577. Shiba Inu trades at $0.00005164 with a $28.4 billion market cap.
Both tokens are finding increasing use cases and adoption by brands and popular figures in the crypto world. Dogecoin, for example, has been linked to being adopted as a payment method by Tesla. Although Tesla has not confirmed it, it seems likely that it would be done seeing that Tesla’s CEO, Elon Musk, is a known Dogecoin fan.
The billionaire recently liked a tweet in which the Dogecoin co-founder explained that Dogecoin was now better than Bitcoin and Ethereum for payment.