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AMC to accept crypto currencies for digital gift cards

written by Bella Palmer
crypto-currencies

AMC customers can now buy digital gift cards with crypto currencies directly through the AMC website, mobile app and theatres, CEO Adam Aron announced on Tuesday

American cinema giant AMC Theatres is steadily approaching its goal of accepting payments in crypto currencies by year-end, now debuting crypto purchases for electronic gift cards.

AMC customers can now buy digital gift cards with crypto currencies like Bitcoin directly through the AMC website, mobile app and theatres, CEO Adam Aron announced on Tuesday.

The new payment option was enabled through major crypto payments processor BitPay, allowing consumers to purchase e-cards of up to $200, Aron noted.

The CEO paid special attention to Dogecoin among (DOGE) the digital assets accepted for AMC e-card purchases. Aron hinted in September that AMC will include DOGE in the list of crypto currencies accepted for tickets by the end of 2021.

Aron had conducted a poll of 140,000 people on Twitter, asking the community whether AMC should accept DOGE payments for tickets. It’s clear that you think AMC should accept Dogecoin. Now we need to figure out how to do that. Stay tuned, Aron said at the time.

Continuing the BitPay/Dogecoin adoption theme, US fashion brand PacSun is also getting in on the act.

The Gen Z-focused outlet says it is the first youth fashion retailer to accept crypto through BitPay.

Starting this week, PacSun will support 11 cryptos through BitPay, including: Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Dogecoin, Litecoin, and 5 USD-pegged stablecoins (GUSD, USDC, USDP, DAI, and BUSD).

Online shoppers can select a “Pay with BitPay” button during the PacSun checkout process, then choose which crypto they want to pay with, and the crypto wallet to send from. The transaction is then completed through a QR code scanning process.

With digital sales doubling since last year, we understand the continued importance of creating an exceptional online shopping experience for our customers, said PacSun President Brie Olson.

Disclaimer:

The opinions expressed by our writers are their own and do not represent the views of UK Investment Guides. The information provided on UK Investment Guides is intended for informational purposes only. UK Investment Guides is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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