AMC Theaters Officially Joins The Crypto Bandwagon

AMC Theaters, the American cinema giant, finally made it and debuted with its cryptocurrency offering as a means of payments across its services.

Now, the company’s customers can do online payments with Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC), according to Adam Aron, its CEO.

The maneuver had been teased for some time ago by the executive, who had been actively asking the community via social media about how they could perceive the adoption of four major cryptos as a means of payments in AMC Theaters.

DOGE: Coming Soon

Moreover, Aron claimed on Thursday that these crypto payments within the company account for 15% of its total online transactions.

Big newsflash! As promised, many new ways NOW to pay online at AMC.  We proudly now accept: drumroll, please… Bitcoin, Ethereum, Bitcoin Cash, Litecoin. Also Apple Pay, Google Pay, PayPal. Incredibly, they already account for 14% of our total online transactions! Dogecoin next. pic.twitter.com/a7pqYBm7HB

— Adam Aron (@CEOAdam) November 12, 2021

With the added digital assets, AMC Theaters also included Apple Pay, Google Pay, and PayPal. At the end of his tweet, AMC Theaters’ CEO hinted that Dogecoin (DOGE) is the next cryptocurrency in the pipeline to be added.

Amidst the ongoing hype surrounding the meme coins, specifically Shiba Inu (SHIB), Aron had been considering the possibility of adding the so-called “Dogecoin killer” to its crypto offerings, although it wasn’t mentioned in the recent tweet he published.

Is BTC Taking A Second Breath?

Still, with a cinema giant like AMC Theaters adopting Bitcoin as a means of payments, such news adds fuel to the ongoing fire that it’s driving the price action of the world’s largest crypto by market cap towards new highs.

Of course, pullbacks at this stage are considered as healthy amid the bull-run, as BTC is currently testing the 50-period simple moving average at the H4 chart.

The RSI indicator is currently hovering within the negative territory, favoring the bearish scenario. However, buyers could take bids at this stage and eventually send the price to hit new all-time highs, as long as the price cracks above the psychological level of $68,000.

After clearing that hurdle and the level of $69,000, the eyes of Bitcoin will shift towards $75,000 as the next tough nut to crack in the broad bull run.