AMC Theaters’ acceptance of Dogecoin follows viral community appeal
Over the past week, social memecoin DOGE has risen 25% above the previous psychological price threshold of $0.25.
Following an overwhelmingly positive response to a Twitter poll on Sept. 21, CEO of AMC Theater Adam Aron announced Wednesday that the chain would officially accept Dogecoin payments for digital gift cards via BitPay Wallet.
The Dogecoin community — notoriously passionate for adoption initiatives — tweeted in droves to advocate for the asset’s integration within the theater’s payment options. Following their success, users can now purchase up to $200 worth of digital gift cards per day. These cards can then be redeemed by theatergoers in cinemas across the United States.
Aron was pleasantly surprised by the mass attention, reporting over 6 million views and 140,000 votes on his post, including distinguished Doge fanatics Elon Musk and Mark Cuban. He also claimed that the viral tweet was his “most retweeted, most replied, most liked tweet ever.”
Related: Crypto is impossible to destroy, says Tesla CEO Elon Musk
AMC Entertainment has already expressed its intention to accept four other cryptocurrency assets: Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) by the end of 2021. According to the data from October 2020, the institution has 620 theaters across the United States and a further 358 theatres across Europe.
Positioned to consumers as liberating alternatives to traditional fiat currencies, cryptocurrencies are emerging in the mainstream consciousness and a new wave of public venues is transitioning their technological infrastructure to accommodate this demand.
Cointelegraph reported in March 2021 that Thailand’s largest movie theater operator, Major Cineplex Group, was piloting a nation-first inaugurate crypto project that would enable moviegoers to purchase tickets and passes with established digital assets such as Bitcoin.Source