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America’s movie theater chain AMC is now taking payments in Dogecoin after Bitcoin too!

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Cryptocurrency

HIGHLIGHTS :

  • AMC Theaters has now officially started accepting payments in Dodgecoin.
  • Adam Aron, CEO of AMC Theaters, announced the news on Twitter.
  • Dodgecoin is currently trading at $0.26 (approximately Rs.17).

AMC Theaters has now officially started accepting payments in Dodgecoin.

US movie theater chain AMC Theaters has now officially started accepting payments in Dogecoin. The transaction facility will be provided by Georgia. This is a US-based bitcoin payment service provider called BitPay. Now people will be able to buy AMC gift cards with a maximum limit of $200 (approximately Rs.14,970). Since these cards can be used at other stores as well, Dogecoin will now have access to other businesses indirectly. Dogecoin cryptocurrency is not very expensive so people can easily buy it and use it with a gift card.

Adam Aron, CEO of AMC Theaters, announced the news on Twitter on Wednesday, October 6. DodgeCoin’s price has risen 5.59 percent since then. This crypto-token backed by Elon Musk is currently trading at $0.26 (approximately Rs.17).

Adam Aron, CEO of AMC Theaters, announced the news on Twitter.

This post by Aaron has excited Dogecoin fans. He kept tweeting to Aaron and requesting him to adopt Dodgecoin Payments. AMC Theaters gives customers the opportunity to buy movie tickets and take advantage of discounts through a range of cryptocurrencies, including Bitcoin Cash, Ethereum, and Litecoin.
Earlier in September, Aaron posted a poll on Twitter, urging his 186,000 followers to give their feedback on the idea of ‚Äč‚Äčintroducing DodgeCoin payments and help them decide.

At that time 68 percent of the vote came in favor of Dogecoin. Along with this, this post also caught the attention of Elon Musk. Responding to a Twitter comment, Musk said that DodgeCoin handling fees should be reduced to make it easier for the average consumer to purchase Dodgecoin.

Dodgecoin is currently trading at $0.26 (approximately Rs.17).

Crypto payments have started gaining momentum in some countries. In Switzerland, for example, cryptocurrency payments have now been adopted by more than 85,000 merchants and payments in crypto are being accepted.
In April 2021, WeWork, a popular office-sharing startup, said it would start accepting payments in select cryptocurrencies.

Indian trade body Nasscom has recently predicted that the crypto tech industry will be within the next five years.

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