According to Adam Aron, the CEO of AMC Entertainment, the movie theatre chain has started accepting payments in Dogecoin and Shiba Inu a week ahead of schedule.
Aron said on March 1 that BitPay will be live for AMC online payments on our website by March 19 and on our mobile apps by April 16.
Aron made a promise last year that AMC would accept payments in the two cryptocurrencies, and he set up a poll on the social network. He said that they would use the services of Bitpay to set up payments for the SHIB.
In the same month, the company announced that they would start accepting a number of digital payment options. In November, the company officially kicked off that program, although customers would have to use the payment service.
According to an earnings announcement posted by Aron earlier last month, the company posted a net income of more than $145 million, generating over $215 million in positive cash and a Record year-end liquidity position of more than $1.8 billion.
AMC’s Q4 ’21 financial results are expected to bolster the company’s share price, just like Coinbase which recently posted sky-high gains despite the ongoing cryptocurrencies drop. AMC has 970 theatres in the US and 10,833 screens globally.
At press time, AMC’s stock price is trading at $15.32, up 1.68% on the day while Dogecoin is exchanging hands at $0.11 after gaining 1.82% in the last 48 hours. Shiba Inu on the other hand is the largest gainer at 10.54%, trading at $0.00002268.
Featured photo source unsplash.com
