AMC Theatres Begin Accepting Dogecoin Payments after Allowing Bitcoin


US-based movie theater chain AMC Theaters has officially allowed payments in the popular meme-based cryptocurrency, Dogecoin. The transaction will be facilitated by Georgia, a US-based bitcoin payment service provider called Bitpay. People will be able to buy AMC gift cards with a maximum limit of $200 (approximately Rs 14,970). As these gift cards will be valid for use at other stores as well, this development will indirectly propel Dogecoin into many businesses. Cryptocurrency is cheap, allowing more people to buy and use gift cards.

Adam Aron, CEO of AMC Theaters, announced the news on Twitter on Wednesday, October 6. Since then, the value of dogecoin An increase of 5.59 percent. Elon Musk Backed Crypto Is Currently Business At $0.26 (about Rs.17).

The post got Dogecoin supporters excited when they kept tweeting to Aaron asking him to start accepting Dogecoin payments. AMC Allows customers to buy movie tickets and take advantage of discounts via a variety of cryptocurrencies including Bitcoin Cash, Ethereum and Litecoin.

Earlier in September, Aaron posted a poll on Twitter asking his 186,000 followers to help them make decisions about Dogecoin payments.

At the time, not only did the majority of voters (68 percent) vote in favor of Dogecoin, but the post also caught the attention of the Tesla CEO. Elon Musk. Responding to a Twitter comment, Musk said that Dogecoin handling fees should be reduced to make everyday purchases “viable” for the average consumer.

crypto-payments The momentum has begun to pick up in some countries. For example, in Switzerland, cryptocurrency payments are now being accepted by over 85,000 merchants.

On April 21, WeWork, the 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 is on the way to a huge global expansion within the next five years. Its latest report estimates that the global crypto tech market will reach a value of $2.3 billion (approximately Rs 17,087 crore) by 2026.


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