AMC CEO Reveals DOGE, SHIB Payments Upcoming In March

The AMC CEO Adam Aron revealed his plans to add DOGE and SHIB payments to the platform in March this year, as we can see more in today’s crypto latest news.

The AMC CEO Adam Aron says the company is well on track to accept DOGE and SHIB as payment options in March during the first quarter. Last year, the Cinema Chain started accepting cryptocurrencies as a payment option and the customers were able to purchase their movie tickets by using BTC, ETH, Bitcoin Cash, and Litecoin. Adam Aron also confirmed that DOGE will join the lineup as well and held a poll asking his Twitter followers whether the theatre chain could accept SHIB.

The poll got overwhelming support and the CEO announced that SHIB is also coming to the platform in 60-120 days thanks to the collaboration with BitPay. BitPay is a popular crypto payments processor which added SHIBA as one of the offerings as Aron himself requested. As both of these meme coins are accepted by the theatre chain, it will mean a whole lot for meme coins adoption worldwide. Aron noted:

“I have been repeatedly asked when AMC expects to routinely accept Dogecoin and Shiba Inu for any and all payments made via the AMC website and mobile app. I am being told that we are still well on track for the promised Q1 implementation, with exact timing most likely in March.”

The momentum for the adoption of the dog-themed meme coins has been strong over the past year. Last month, the tech retail giant Newegg started accepting SHIB as a payment option and Regal Cinemas followed AMC by accepting DOGE later in 2021. at the time of writing, Doge’s price floated around $0.1566 marking a drop of 10% over the past week while SHIB is now trading down by 14% for the past week.

As recently reported, DOGE’s fan base is often vocal on social media but there is an extra hint here: DOGE is known as the popular meme coin while AMC is known as the leading “MEME stock.” the meme stock movement started in January when the users from Reddit community started buying stocks that were seen as low-value or past their prime by the traditional metrics like AMC, GameStop, and Nokia.