AMC Theatres will now accept BitPay.
AMC already accepts bitcoin, ether, and other cryptocurrencies as payment methods.
Customers of AMC Theatres will be able to pay using meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) starting next month, thanks to crypto payments operator BitPay. On Monday, AMC CEO Adam Aron tweeted, “BitPay will be ready for AMC online payments on our website by March 19, and live on our mobile apps by April 16, potentially a few days before.”
— BitPay (@BitPay) March 2, 2022
The company, which is a subsidiary of AMC Entertainment Holdings (AMC), began accepting bitcoin (BTC), ether (ETH), bitcoin cash (BCH), and litecoin (LTC) as payment methods in November, promising that DOGE will follow soon. AMC also stated that it would look into employing Shiba Inu. AMC shares were up approximately 4% today but are still down more than 30% year to date.
Also, read – 5 ways to spend your precious Bitcoins on the web
What Is a BitPay Card?
The BitPay Card is a prepaid Mastercard that allows you to convert cryptocurrencies to fiat money instantaneously. The BitPay Card is valid for online transactions and ATM withdrawals. The currency is recharged into the card used everywhere that Mastercard debit cards are accepted. The BitPay card makes it easier to use cryptocurrencies by turning them into fiat currency, effectively bridging the gap between actual and virtual money.
How Does BitPay Card Work?
The BitPay Card is a prepaid Mastercard that cannot be used to make purchases. Businesses can take Bitcoin as payment for a flat 1 percent settlement fee. And can also get direct bank deposits in the currency of their choice.
BitPay accepts payments in eight currencies and direct bank deposits from 38 countries. In 233 countries, Bitcoin Cash, Gemini USD, Circle USD Coin, and Paxos USD settlements are accepted.