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Bitcoin Black Friday: Bitpay Reveals List of Merchants Offering Discounts and Special Promotions

Bitcoin Black Friday: Bitpay Reveals List of Merchants Offering Discounts and Special PromotionsWhile cryptocurrencies have seen their values rise significantly during the last three months many digital asset holders will be spending their tokens for holiday gifts and Black Friday deals. Bitcoin Black Friday will be on November 26 this year and the crypto payments firm Bitpay has announced a slew of merchants that will offer deals […]

An Introduction to Bitcoin Ordinals

US City Installs Crypto ATM at Airport After Accepting Cryptocurrency for Payments

US City Installs Crypto ATM at Airport After Accepting Cryptocurrency for PaymentsThe U.S. city of Williston in North Dakota is installing a cryptocurrency ATM at its international airport. “This marks the first government-hosted cryptocurrency kiosk,” the city said. Williston also accepts cryptocurrencies for payments of utility bills. ‘The First Government-Hosted Cryptocurrency Kiosk’ The city of Williston in the U.S. state of North Dakota announced Wednesday a […]

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World’s Largest Collector Car Auction House RM Sotheby’s to Accept Cryptocurrencies

World’s Largest Collector Car Auction House RM Sotheby’s to Accept CryptocurrenciesOn Wednesday, the world’s largest collector car auction house by total sales, RM Sotheby’s, announced the company will be accepting cryptocurrency payments via Bitpay. The firm’s upcoming Guikas Collection sale on November 19 will be RM Sotheby’s first auction to accept digital currency payments for collectible automobiles. RM Sotheby’s Announces Crypto Payment Support via Bitpay […]

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AMC CEO Says Bitpay Will Support Shiba Inu — AMC Set to Accept SHIB Next Quarter

AMC CEO Says Bitpay Will Support Shiba Inu — AMC Set to Accept SHIB Next QuarterThe CEO of the world’s largest movie exhibition company, AMC Entertainment, says that payment service provider Bitpay has agreed to support the meme cryptocurrency shiba inu (SHIB) at his request. AMC will be able to accept shiba inu crypto for payments within the next few months. AMC Says Bitpay Agrees to Support Shiba Inu: SHIB […]

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AMC Theatres debuts online Bitcoin payments after months of teasing

AMC Theaters now accepts online payments in Bitcoin, Ether, Bitcoin Cash and Litecoin, with Dogecoin coming next.

American cinema giant AMC Theatres is finally adopting cryptocurrencies like Bitcoin (BTC) for online payments following months of teasing the new payment option.

AMC CEO Adam Aron announced Thursday that the company now proudly accepts four major cryptocurrencies including Bitcoin, Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) for online payments.

The new payment method already accounts for 14% of AMC’s total online transactions, Aron said, adding that cryptocurrencies join traditional payment options like Apple Pay, Google Pay and PayPal, the CEO wrote.

Dogecoin (DOGE), a popular meme cryptocurrency that skyrocketed 9,000% over the past year, will be the next digital currency accepted for online payments at AMC, Aron noted. He previously promised that AMC will support DOGE payments for tickets after his 140,000 Twitter poll convinced the company to accept the cryptocurrency as payment.

Aron eventually conducted a similar poll for Shiba Inu (SHIB), another popular meme cryptocurrency that overtook Dogecoin in market capitalization in late October.

The latest news comes in line with AMC’s plans to debut Bitcoin payments for movie tickets by the end of 2021. The company announced the plan in August, eventually expanding the list of supported cryptocurrencies with coins like ETH, BCH, LTC and DOGE.

Related: Visa working on blockchain interoperability hub for crypto payments

AMC has been steadily approaching its goal of accepting cryptocurrency payments by year-end, debuting crypto payments for digital gift card purchases in early October.

The firm did not immediately respond to Cointelegraph’s request for comment.

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Litecoin transactions near an all-time high after gaining ground in consumer finance

It's become easier to use Litecoin for everyday payments thanks to several recent partnerships.

The number of Litecoin (LTC) transactions has rebounded to over 140,000 in recent days after falling close to the 100,000 mark in early October. Three days prior, the Litecoin Foundation tweeted about the launch of its LTC Visa Debit card, powered by fintech firm Unbanked. 

According to the card's homepage, potential customers would first register for a Litecoin Card account, deposit LTC into a specific wallet address, pass a know-your-customer check, and receive a virtual Litecoin Card. The service claims that the sign-up process takes less than five minutes.

The Litecoin card is meant to enable users to spend their LTC at all digital merchants that use Visa as their payment processor — a number the Litecoin Foundation estimates to be around 50 million.

The day after, the Litecoin Foundation issued another tweet about Verifone's partnership with BitPay. Verifone is one of the world's biggest point-of-sale payment processors, facilitating close to $440 billion each year in annual transactions. BitPay is a cryptocurrency payment processor handling over 60,000 consumer transactions each month involving Bitcoin (BTC), Ethereum (ETH), LTC, and more.

Litecoin launched in 2011 with the stated objective of becoming “the silver to Bitcoin’s gold.” Based on data from cryptwerk, there are now 3,111 businesses worldwide that accept LTC directly as payment, up from 2,230 in the same period last year. The digital currency's merchant acceptance is currently slightly less than half that of Bitcoin's.

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Real Estate Platform Pacaso Accepts Crypto Assets for Payments, CEO Says ‘Mass Crypto Adoption Well Underway’

Real Estate Platform Pacaso Accepts Crypto Assets for Payments, CEO Says ‘Mass Crypto Adoption Well Underway’On October 20, the day bitcoin smashed a new all-time price high, the real estate platform Pacaso announced it will be accepting cryptocurrencies via Bitpay. The CEO of the real estate firm that helps people buy and co-own a second home, Austin Allison, says the firm has seen increased crypto adoption “across the real estate […]

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Millions of Wix Merchants Can Now Accept 12 Different Cryptocurrencies

Millions of Wix Merchants Can Now Accept 12 Different CryptocurrenciesOn Tuesday, the Atlanta-based cryptocurrency payments company Bitpay announced the Israeli software company Wix has enabled its Software as a service (SaaS) e-commerce product to accept crypto-asset payments. The integration will allow Wix merchants to accept 12 different cryptocurrencies such as bitcoin, dogecoin, bitcoin cash, ethereum, litecoin, and stablecoins as well. SaaS Platform Wix Implements […]

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AMC Theatres debuts crypto payments for e-gift card purchases

The major American theater chain wants to let customers buy movie tickets with crypto by 2022.

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

AMC customers can now buy digital gift cards with cryptocurrencies like Bitcoin (BTC) directly through the AMC website, mobile app and theatres, CEO Adam Aron announced on Oct. 5.

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

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

Related: Verifone to enable crypto payments at major retailers through BitPay

As previously reported, Aron announced the company’s plans to accept Bitcoin payments for movie tickets in August, expecting to roll out the new payment option by 2022. The movie chain also plans to support four other cryptocurrencies: the aforementionedDOGE, Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).

Earlier this year, Major Cineplex Group, the largest movie theater operator in Thailand, launched a payment pilot allowing customers to buy tickets with cryptos.

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Verifone Enables Retailers to Accept Cryptocurrencies, Says Merchants’ Appetite for Crypto Payments ‘Has Exploded’

Verifone Enables Retailers to Accept Cryptocurrencies, Says Merchants’ Appetite for Crypto Payments ‘Has Exploded’Verifone, a global payment system provider with 35 million devices in 150 countries, is rolling out crypto payment support in the U.S. in partnership with Bitpay. Verifone’s platform processes more than $440 billion annually. The company says, “the appetite for crypto payments has exploded this year.” Major Retailers Will Soon Be Able to Accept Cryptocurrency […]

An Introduction to Bitcoin Ordinals