It comes as a surprise to moviegoers and crypto enthusiasts that Dogecoin (DOGE) and Shiba Inu (SHIB) are being accepted for online payments at AMC theatres. This development comes a week earlier than its audience expected. Adam Aron, CEO of AMC Entertainment Holdings Inc. took to his Twitter handle, on 10 March 2022, to make the announcement. He further acknowledged BitPay, the payment gateway institution, for helping the two meme coins to be accepted.
As reported by TWJ earlier in the week, AMC was intended to introduce functionality for the two altcoins on 19 March 2022. This support was to be added to its website and mobile application, but it comes as a surprise to everyone a week earlier than expected.
The movie theater business conducted Twitter polls to determine if it should proceed with the Dogecoin and Shiba Inu combination. Based on the clear majority of answers from the communities, Dogecoin and Shiba Inu, that were rooting for facilitating payments through the two coins, Adam Aron affirmed that his company had begun working on enabling the functionality of the altcoins.
The theater company had already been allowing its customers to pay for tickets and concessions through Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC), since November of 2021.
Dogecoin remains untethered despite AMC’s latest inclusion
The price of the crypto assets seemed to be not affected despite being listed on various platforms. The crypto market has been bearish over the past few days. It also seems like Dogecoin (DOGE) is following the market sentiment even with its latest inclusion in AMC’s payment mode. Furthermore, DOGE has been bearing a drop of 8.91% over the past week. During the time of writing, the meme coin was trading for $0.1166 with no major changes over the last 24-hours. The market cap of the asset was at $15.48 billion. This aided in the coin’s climb up the crypto ladder.