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AMC Entertainment, one of the world’s largest movie exhibition firms, is looking to accept meme-coins payments. Meme-coins like Dogecoin and Shiba Inu have been established as a joke, but since last year, several see those as a good option for micropayments. The CEO of the firm, has announced that they are on track to accept DOGE and SHIB as payments in the first quarter of 2022. Notably, if the firm starts accepting the coins, it would be a major adoption of meme-coins.
AMC Entertainment would support meme-coins
AMC Entertainment Holdings is one of the largest movie exhibition firms in the United States, Europe, and the world. The firm operates near 950 theatres and more than 10,500 screens globally.
Adam Aaron, the Chief Executive Officer of AMC Entertainment has unveiled plans to accept meme-coins. Indeed, DOGE and SHIB would soon come to these Theatres. According to the latest announcement, the movie exhibition firm has shared progress in accepting meme-coins.
Meme-coins would see major adoption by March
According to the tweet shared by Aaron on Thursday, AMC Entertainment expects to accept Dogecoins and Shiba Inu crypto assets for any and all types of payments made through the company’s website and mobile application.
Furthermore, he clarified that he is being told that the movie exhibition is still well on track for the promised Q1 implementation. Notably, the firm noted that the exact month is most likely March.
The payments would be accepted through BitPay
According to an announcement made in November last year by the executive from the theatres chain, the firm will collaborate with Bitpay. Notably, the acceptance of meme-coins for payments would be processed by the crypto payments platform. At the time, the payments hub had not commenced to support SHIB. According to Aaron, the crypto coins payments processing firm decided to begin supporting the meme-based digital asset on their request.
Besides, the CEO of the AMC Entertainment also claimed that the firm will start accepting SHIB and DOGE in the first quarter itself of this year. The announcement, followed early December’s announcement when Bitpay began to support Shiba Inu as payments.
