AMC has started accepting payment for its digital gift cards in Dogecoin and other cryptocurrencies. CEO Adam Aron made the announcement via Twitter on Wednesday.
“Huge news for Dogecoin fans! As we work to accept crypto payments online, you can now purchase @AMCTheatres digital gift cards (up to $ 200 per day) with Dogecoin and other cryptocurrencies using a BitPay wallet. Accepted on our website, mobile app and in theaters “, Aron tweeted.
To purchase AMC’s digital gift cards with Doge, you need to sign up for BitPay, an Atlanta-based crypto payment processor that also provides digital gift cards to other top retailers including Amazon, GameStop, and Home. Deposit. AMC gift cards can be used to purchase movie tickets and concessions – it’s not entirely clear on the AMC website if digital gift cards can be used in the same way. AMC did not immediately respond to a request for comment.
AMC’s decision to accept Dogecoin follows a poll conducted by Aron on Twitter in September on which cryptocurrencies the company should accept. Out of over 140,000 responses, 68.1% voted “Yes, of course, do it”.
Since he was caught ininitiated by traders coordinating in a Reddit forum, AMC’s action has seen . The company has worked, with mixed results, to harness the energy and enthusiasm of investors in “ “in various ways, including the introduction of AMC Investor Connect and the announcement to accept by the end of 2021. The decision to accept Dogecoin can be seen as another effort in this vein.
In January, the value of Dogecoin increased Tweeter, Musk shared an image from a fake magazine called “Mastiff” with a dog-themed cover.over the course of a few days – a swing attributed, in part, to Elon Musk’s Twitter promotion. Beyond increasing its short-term value, promoting Musk has helped Dogecoin become part of the popular lexicon. In
AMC’s decision to accept payment in Dogecoin brings together strange financial stories that have marked 2021. While this will almost certainly generate interest online – Aron’s tweet in September generated considerable traction – it whether this actually pays off remains to be seen.