Movie theater chain AMC theaters in the United States have officially approved payment on the popular meme-based cryptocurrency, Dogecoin. The transaction will be provided by Bitcoin, a Georgia and US based Bitcoin payment service provider. People can buy AMC gift cards for a maximum of $ 200 (approximately Rs. 14,970). Since these gift cards are valid for use in other stores as well, this development will indirectly lead Dogecoin to many businesses. Cryptocurrency is cheaper and allows more people to buy and use gift cards.
Adam Aaron, CEO of AMC Theaters, announced the news on Twitter on Wednesday, October 6, and since then, the value of Tojcain has risen 5.59 percent. The Elon Musk Support Crypto is currently trading at $ 0.26 (approximately Rs. 17).
Great news for Dogecoin fans! As we work to accept online crypto payments, you can purchase now AMCTheaters Digital gift cards (up to $ 200 per day) with Dogecoin and other cryptocurrency using BitPay Wallet. Accepted on our website, mobile application and in theaters. https://t.co/hPubbeq4YG pic.twitter.com/dra7e23tc8
– Adam Aaron (EOCEOAdam) October 5, 2021
After tweeting asking him to start accepting Dogecoin payments, this post has excited Dogecoin supporters. AMC allows customers to purchase movie tickets through a number of cryptocurrencies, including Bitcoin Cash, Ethereum and Litecoin.
DOGECOIN is here to stay !!! Adam would like to talk to you directly about two great projects for Dogecoin. Send me a DM.
– Matt Wallace (ட் Matt Wallace 888) October 6, 2021
– Train Magic Lamp (l SlothLife10) October 6, 2021
In September, Aaron posted a poll on Twitter asking his 186,000 followers to help him make a decision on Tok Coin payments.
I really want to hear your opinion through this Twitter poll. By the end of 2021, AMC will be taking Bitcoin, Etherm, Litcoin and Bitcoin money for online payments. We hear from many on my Twitter feed that we should also accept Tok Coin. Do you think AMC should examine Dogecoin acceptance?
– Adam Aaron (EOCEOAdam) September 21, 2021
At the time, the majority of voters (68 percent) not only voted in favor of Tok Coin, but the post also caught the attention of Tesla CEO Elon Musk. Responding to a Twitter comment, Musk said Dogecoin should reduce handling fees to make daily purchases “possible” for the average consumer.
Lowering the doc fee is very important to make things like buying movie dicks possible
– Elon Musk (@ Elon Musk) September 22, 2021
In some countries crypto-payments have started fast. In Switzerland, for example, cryptocurrency payments are now accepted by more than 85,000 merchants.
On April 21, WeWork announced that the popular Office Sharing launch would begin paying in selected cryptocurrencies.
Nasscom, an Indian trading body, has recently predicted that the crypto technology sector will expand globally within the next five years. Its latest report estimates that the global crypto technology market will reach $ 2.3 billion (approximately Rs. 17,087 crore) by 2026.
Cryptocurrency is an unrestricted digital currency, not a legal tender and subject to market risks. The information provided in the article is not financial advice, business advice or any other advice or any kind of recommendation provided or approved by NDTV. NDTV will not be liable for any loss incurred on any investment based on any of the recommendations, forecasts or any other information contained in the article.