Bitpay Online & App to Take Top Meme Coin Payments For Movie Tickets 2022 | AMC Theatres CEO Adam Aron Makes Crypto Post on Twitter

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Bitpay Online and App To Take Meme Coin Payments For Movie Tickets

Top Meme Coins will start to be accepted through the Bitpay online website and App for AMC movie tickets. This will start March 19 2022.

Adam Aron, CEO of AMC Theatres, has finally confirmed when dogecoin and Shiba Inu payments will start to be accepted by the company. Aron announced plans to accept DOGE and SHIBAN payments last year. Tickets for the theatre company will be purchased using these meme coins.

Over the past year, AMC Theatres have been one of the top endorsers of DOGE and SHIB.

DOGE & SHIB AMC Acceptance

Aron said that Dogecoin and Shiba Inu payments will be available towards the end of the month. The setting of this date now cements the idea that the two meme coins will now be accepted as a means of payment. According to the executive, DOGE and SHIB users will now transact on the platform from March 19.

The service will be initially available for users on the website. Mobile app users will gain access to the feature by mid-April. The addition of the two largest meme coins came from the high demand from users. The two can now be used to buy tickets and other goods. Dogecoin is currently the largest meme coin by market capitalization. It is followed by Shiba Inu, that has claimed to be a Dogecoin-killer.

Shiba Inu rose into popularity towards the end of last year after reaching an all-time high. During the rally, it also managed to surpass Dogecoin’s market cap. However, it has since failed to maintain the gains following the recession across the cryptocurrency market.

This is not the first time that AMC Theatres is interacting with cryptocurrencies. The movie theatre chain has already developed a working relationship with other assets like Bitcoin and Ethereum.

Poll on Taking Meme Coin Payments

When Aron posted a poll of whether or not to start accepting payments in Dogecoin and Shiba Inu, he was met with overwhelming support and pledged to do so. However, the move has been quite slow than expected. The acceptance started with the use of Dogecoin to buy digital gifts, with the firm promising that additional support would be unveiled in the future.

When Aron revealed that Shiba Inu would support AMC Theaters towards the end of last year, he noted that some technicalities needed to be addressed first. However, this move will not be possible, thanks to a partnership between the company and BitPay. The latter will facilitate the acceptance of meme coin payments by March 19.

Increased adoption of meme coins

Meme coins seem to be recording increased adoption despite their hype dying down. Meme coins are no longer triggering a massive rally as they did in 2021. However, they still have a large following, and their adoption in the real world continues to be manifested.

Dogecoin came into the limelight through the support of Elon Musk, Tesla’s CEO. Earlier this year, Musk stated that Dogecoin would be accepted as a means of payment to buy Tesla merchandise. He has also promised to launch a similar initiative for Starlink.

Shiba Inu is also finding its way into the physical world. Recently, Shiba Inu partnered with Welly’s, an Italian fast-food restaurant, to promote the meme coin. The fast food restaurant will be branded with a Shiba Inu theme through this partnership. Moreover, SHIB would be accepted as a means of payment for purchases made at the restaurant.

Another popular meme token on the market is Floki Inu. This token has continued to record increased growth and popularity due to the strategic marketing efforts of its development team. In 2021, the meme coin promoted it in Burj Khalifa, the tallest skyscraper globally.

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