AMC Now Accepts Bitcoin and Ethereum

America’s leading theater chain, AMC announced today that the company has started accepting several digital assets, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin for online Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. The company’s users now have the option to pay in crypto digitally.

Moreover, AMC has started taking payments through PayPal, Google Pay and Apple Pay. In a recent Tweet, Adam Aron, the Chief Executive Officer of AMC Theaters, mentioned that digital payment methods like Bitcoin, ETH and BCH are gaining popularity among clients.

“Big newsflash! As promised, many new ways NOW to pay online at AMC. We proudly now accept Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) [and] Litecoin (LTC). Also, Apple Pay, Google Pay [and] PayPal. Incredibly, they already account for 14% of our total online transactions! Dogecoin next,” Adam Aron tweeted.

Earlier this year, AMC announced that the company is planning to accept Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. The global crypto community welcomed AMC’s decision and praised the company for its contribution towards the global adoption of digital currencies.

AMC and Shiba Inu

Amid the latest jump in retail interest for cryptocurrency Shiba Inu, AMC mentioned that the company is considering SHIB as a mode for payments. Aron recently ran a Twitter poll asking people about the possibility of accepting Shiba Inu as a payment method.

“As you know, you can now purchase AMC gift cards using cryptocurrency, and our IT group is writing code so that soon we can accept online payments in Bitcoin, Ethereum, Litecoin and Dogecoin, among others. Should we strive to take Shiba Inu too?” Aron asked in October. In terms of results, more than 80% of respondents supported the possible acceptance of Shiba Inu.

While SHIB’s bullish rally has lost momentum in the last few days, the enormous price jump of Shiba Inu in 2021 makes it one of the best-performing digital assets this year. As far as its market cap is concerned, Shiba Inu is more valuable than Litecoin and Bitcoin Cash.