AMC Theatres, which has increased its use of cryptocurrency in order to draw an increasingly younger, friendly customer base that it gained during the 2021 stock market meme it announced on Friday it was allowing cryptocurrency-based payments through its mobile application.
According to the CEO Adam Aron, the company uses Bitpay, the Bitpay platform to offer mobile payment services in a variety of memecryptocurrencies, such as Dogecoin as well as Shiba Inu, which have gained a lot of popularity with its clients.
Customers can now purchase tickets, concessions tickets, as well as gift cards with Dogecoin and Shiba Inu.
Tickets and other merchandise can be purchased using traditional and alternative digital methods such as credit cards or Apple Pay, Google Pay or PayPal.
AMC first introduced the possibility of online cryptocurrency payment like Bitcoin on the 13th of November. The company found the fact that 14% of online purchases were made using cryptocurrencies and is now preparing to increase that percentage on mobile purchases.
AMC Theatres was catapulted into the spotlight in the early 2021s as the company was made an internet meme and revived the once-failing business nearing bankruptcy. The old theater chain has acquired the "$2 billion cash reserve" According to CNBC that it intends to deploy to upgrade its facilities and lease new cinemas.
"Of every meme stock, AMC is the most smart company to capitalize and see the potential there," Eric Wold, senior analyst at B. Riley Securities, said to CNBC in January.
In conjunction with the publication of Spider-Man: No Way Home The WAX chain also unveiled an NFT collection that is available on the WAX blockchain.
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