AMC Theatres mobile app now accepts payments in Dogecoin and Shiba Inu, users can now spend DOGE and SHIB within the movie theater chain’s app for tickets, concessions, and gift cards.
AMC Theatres has been more interested in cryptocurrency, particularly the meme coins and tokens Dogecoin and Shiba Inu, which CEO Adam Aron has frequently mentioned on Twitter in recent months. You can now use AMC’s app to spend them.
Aron announced on Twitter today that the company’s mobile app now accepts purchases in Dogecoin (DOGE) and Shiba Inu (SHIB), as well as other cryptocurrencies. Users may spend DOGE and SHIB on tickets, concessions, and gift cards thanks to a connection with cryptocurrency payments service BitPay.
Both coins were added to AMC’s website in March as part of its BitPay cooperation, and Aron tweeted that they would be added to the mobile app by April 16 at the latest. Aron’s tweet on mobile support today, like his prior tweets about DOGE and/or SHIB, has already gotten thousands of responses.
Today, AMC stock is trading at around $18, down nearly 3%. The stock began the year at around $26.50 per share and briefly surpassed $29 per share in late March, but it has since dropped dramatically.
According to CoinMarketCap data, Dogecoin is up nearly 3% in the last 24 hours, with a current price of $0.145 per coin, while Shiba Inu is down less than a percentage point at $0.0000258 per token. Over the last day, the overall crypto market has gained around 1%.
AMC and Crypto
AMC’s adoption of cryptocurrencies began in August 2021, when Aron revealed that before the end of the year, the company would accept Bitcoin payments.
That list grew over time to include coins like Ethereum and Bitcoin Cash, with social media fan campaigns finally persuading the company to accept Dogecoin and Shiba Inu as well. In October, AMC began accepting Dogecoin payments online for gift cards.
AMC released The Batman NFTs via Palm, a sidechain scaling solution for Ethereum as well. Aron told CNBC in October that the company was looking at becoming a “successful issuer of cryptocurrencies as well as a redeemer of cryptocurrency.”