AMC’s partnership with Bitpay will also permit the company to support three other cryptos such as Bitcoin Cash, Litecoin, and Ethereum along with Doge.
By Juhi Mirza
Updated
3 mins read
From the announcement made by AMC Theatres on October 5th, it has become known that the company has decided to become more adept towards cryptocurrency and is now starting to accept payments in crypto for their electronic gift cards. The consumers will be able to purchase these digital cards through the company’s official website, app, and theatres.
The CEO of AMC theatres Adam Aron took to Twitter to announce that their consumers can now avail e-cards up to $200 by making payments in Doge.
Huge news Dogecoin fans! As we work to accept online crypto payments, now you can buy @AMCTheatres digital gift cards (up to $200 per day) with Dogecoin and other cryptocurrency using a BitPay Wallet. Accepted on our web site, mobile app, and in theatres. https://t.co/hPubbeq4YG pic.twitter.com/dra7e23tc8
— Adam Aron (@CEOAdam) October 5, 2021
This marks a significant step into the worldwide adoption of Dogecoin as one of the viable cryptocurrencies available. The new payment option will be processed in association with the Bitpay Wallet. Bitpay has emerged as one of the most successful Bitcoin payment service providers and has been chosen by many prominent enterprises to facilitate payments in crypto. The company was founded in 2011 and has partnered up with many enterprises including the famous NBA team Dallas Mavericks.
Aron had previously conducted a poll on Twitter asking the community whether the theatre giant should accept payments for its tickets in Doge. AMC’s partnership with Bitpay will also permit the company to support three other cryptos such as Bitcoin Cash, Litecoin, and Ethereum along with Doge. The following move of the company has garnered immense praise and attention from the Crypto Twitter community. Moreover, Aron’s announcement tweet was also liked by Tesla CEO Elon Musk.
The prices of Doge have also risen consistently and are up by 13% (October 5th, 2021). Currently, the Shiba Inu-inspired currency is trading 2.3% higher over 24 hours at $0.25. Since 2021, Dogecoin has surged up to 4425.05% and has become one of the most popular cryptocurrencies to trade with.
The Doge community on Twitter is particularly thrilled with the AMC’s move and has applauded its decision to accept payments in Doge. Electronic gift cards are used widely across the world to avail other items and can be utilized as the most effective method to help scale Dogecoin and make the currency more acceptable in other domains of services as well.
Founded in 1920, AMC Theatres is a prominent movie theater chain headquartered in Leawood Kansas United States. The company possesses the largest share of the US theatre market ahead of Regal and Cinemark Theatres and has approximately 358 operational theatres in Europe and 620 theatres in the United States.
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Juhi Mirza is an archaeology major who is obsessive about blockchain/Crypto technology and deems it to be the foundational philosophy of the future. Her dogged ability to research and crystallise technical facts/multiple perspectives into rivetting stories makes her an accessible finance writer. She tends to her archaeological pursuits and loves unearthing the past over the weekends.
