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On Aug. 9, 2021, PayPal announced that it would be accepting Bitcoin and Ethereum-based payments. Now, the world's largest movie theater chain, AMC, is also taking Dogecoin as a payment method.
Exactly as promised, the AMC mobile app for AMC’s U.S. theatres now accepts online payments using Doge Coin, Shiba Inu, and other crypto currencies — thanks to Bitpay. Also Apple Pay, Google Pay and Paypal. To do so, you first will need to update to the latest version of our app. pic.twitter.com/MMy7SIxYbl
— Adam Aron (@CEOAdam) April 15, 2022
AMC was one of the first movie theater chains in the United States to start taking cryptocurrency. There are many ways to buy concessions and tickets. You can choose BitPay as your payment method when you choose a ticket or concession. Users can choose a cryptocurrency wallet to connect to or get an address where money can be sent, so they can use the app. The move is good news for moviegoers who want a safe and secure way to buy tickets. AMC also has payment options like Apple Pay and Google Pay.
MC gave Dogecoin gift cards to moviegoers last year, which could be used to buy concessions and movie tickets.
Partnerships with a touch of class.
If you want to buy movie tickets or snacks, you can now pay for them with cryptocurrency like Bitcoin, Dogecoin, Litecoin, and Ethereum. Regal Cinemas, a well-known chain of movie theaters in the United States, has recently partnered with Flexa, a digital payment company, to do this. Gemini's partnership with Flexa has eliminated all the problems that have been caused by bitcoin payments. When people go to the store, they can open their mobile bitcoin wallet to pay. In 2014, Newegg became the first big retailer to accept bitcoin as a payment method.
Starbucks, the world's largest beverage company, also accepts crypto payments. At the Starbucks checkout, you can open their mobile app, move bitcoin to the app's payment method, and pay through the Starbucks app. To make it easier to pay with bitcoin, Starbucks added a feature to their mobile app called IPayYou that lets you pay with bitcoin. When a customer enters a store and wants to buy something with bitcoin, the online payment system gives the merchant a unique address or link to get the money. The merchant then has to work out a deal with the online payment system to be able to accept bitcoins.
One of the advantages of using a third-party payment processor instead of a personal wallet is that they can convert cryptocurrencies to fiat right away, which means that the retailer doesn't have to deal with price changes.
People at AMC can answer your questions
In September, Aron took to Twitter to find out if his fans would be willing to accept cryptocurrency as a form of payment. In the end, 77 percent of Twitter users said yes, and only 23 percent said no. The poll had more than 100,000 votes, making it the most-read tweet of all time. In this case, now that the facility is open for business, it's not clear how much support it will get from its customers.
It doesn't look like AMC will make a lot of money from this integration, based on what other organizations (like Wikipedia) say about how many people pay with cryptocurrency. However, it might be better than investing in a real gold mine, which AMC did in a "embarrassingly stupid" move.
