AMC Theatres will soon accept Dogecoin, Shiba Inu by Q1 2022

AMC Theatres will soon accept Dogecoin, and Shiba Inu by Q1 2022. The news comes after the Company’s CEO’s tweet. Let’s find out more about this.

Introduction

AMC Theatres CEO Adam Aaron has revealed the details of the company’s plan to accept Dogecoin and Shiba Inu for payments of the company’s services. He revealed that payments in those Memecoins will likely happen from March 2022.

It is also worth noting that, AMC Theatres are The world’s largest cinema company. The firm owner or the operator of about 950 cinemas and 10,500 screens globally. Soon, they’ll be accepting these meme tokens in at end of the first quarter of 2022.

The AMC CEO revealed the company’s plan back in November they would accept Dogecoin and Shiba Inu via BitPay. Consequently, BitPay gave the good news of supporting Shiba Inu in December of 2021. At that time it was already allowing Dogecoin across its platform.

What the CEO said?

The CEO revealed that he’s “been repeatedly asked when AMC expects to routinely accept Dogecoin and Shiba Inu for any and all payments made via the AMC web site and mobile app”. He further added that the development “well on track” for first quarter target. He also said that exact timing for the implementation will most likely be in the month of March.

Background

Previously, AMC theatres hit the headlines in November 2021 when they revealed that the company will be accepting Dogecoin and Shiba Inu as payment. The users can pay these Cryptocurrencies for services via BitPay. Surprisingly, Bitpay was yet to support Shiba Inu at that time.

The CEO then revealed that BitPay started supporting SHIB after his request. At that time, the CEO made the same statement about the expectations of starting of this new mode of payment, that is in the first quarter of 2022.

Conclusion

AMC Theatres will soon accept Dogecoin, and Shiba Inu by Q1 2022. This news came after much anticipation regarding the acceptance of meme tokens. Soon, many more companies will join in to accept more Crypto tokens as payments.

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