Dogecoin likely to be accepted at AMC theatres

Karthik Subramanian

AMC theatre chain might be looking to accept Dogecoin as a payment method for buying tickets at the chain if the actions and the response that the CEO of the chain has been getting on Twitter, is anything to go by.

Its CEO, Adam Aron had launched a Twitter poll on whether the chain should be accepting Dogecoin as a payment method and most of the respondents replied with a resounding ‘yes’ to the idea. Adam had been open to using crypto as a payment method for quite some time and it is understood that he had been mulling the acceptance of BTC, ETH, LTC, etc for this purpose and it was also expected that cryptos would be accepted by the end of the year at the chain. But the latest twist is the entry of dogecoin into this race.

It is indeed a surprise that the chain has been able to continue with its plans of using crypto and continuing to receive a lot of love despite the losses that it is likely to have suffered during the pandemic when many of the theatres were shut down and movies were not being released. The chain does not seem to have yet figured out a way to accept cryptos as many regulations and laws are then likely to come into the picture along with other challenges like digital and crypto wallets, confirmation of ticket sales, etc but this could be a nice boost for the crypto ecosystem and especially for NFTs in the future.

Many businesses that had been hard hit by the pandemic have been using this time to re-invent themselves with new ideas and the use of cryptos and NFTs has been one of the most often used recourses for generating attention and also a solution for many of the existing problems in many businesses. The use of cryptos and NFTs in movies and theatres are likely to be one of the best use cases for blockchain and the crypto ecosystem but it remains to be seen whether the movie and theatre industry would be ready to accept such innovations which could help in boosting interest and bringing people back into the theatres. In fact, these industries might need crypto to survive in the long term.

Read this next


BlockDAG Dashboard Update, A Step Towards Transparency Fuels FOMO in Crypto Whales, Presale Garners $32.8M Amid Retik Finance Listing

Discover why investors are choosing BlockDAG after its dashboard update and $32.8M presale, surpassing Retik Finance listing on Bitrue.


Discover 5 Altcoins to Skyrocket Your Wealth This Cycle 🚀

The bull run of 2024 ignites fresh excitement for anyone looking to increase their wealth.


BlastUP Presale Hits $7M; Final Days to Buy $BLP

BlastUP, the premier launchpad on Blast, has confirmed its robust utility by successfully launching its first IDOs. As its presale nears completion, it continues to garner significant attention from crypto enthusiasts. The amount of funds raised so far is approaching 7 million, and BlastUP already boasts a large and passionate community of supporters.


BlockDAG Network: The Mobile Mining Revolutionizing Crypto Mining

A Simple Guide on How to Mine BDAG and its Benefits.


BlockDAG’s $600M Masterplan Shocks the World: Outperforms Retik Finance After Jaw-Dropping Piccadilly Circus Spectacle

Discover how BDAG dominates the global market as Retik Finance struggles at launch, showcasing a robust $600M growth plan and securing strong investor confidence.


Top Business Ide­as for Success in 2024

Looking for the best busine­ss ideas to start in 2024? Our guide will help you find promising options. We­ cover sectors like digital, we­llness, and green innovations se­t for growth next year. 

Digital Assets

Coinbase seeks to dismiss SEC lawsuit citing new crypto laws

Crypto exchange Coinbase has renewed its efforts to appeal a judge’s ruling in its ongoing case with the U.S. Securities and Exchange Commission (SEC), citing recent legislative developments in Congress.

Digital Assets

Elon Musk mourns Kabosu, Dogecoin responds with price jump

Dogecoin (DOGE) price climbed on Friday after the passing of Kabosu, the Shiba Inu who inspired the meme cryptocurrency.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: FED, Eurozone Economic Outlook, US Dollar Index, May 24 ,2024

Despite positive US data, the Fed is likely to hold interest rates due to global slowdown concerns, lingering inflation, and internal disagreements. Markets expect potential cuts later in 2024.