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

Digital Assets

BlackRock digs further into crypto with metaverse ETF

BlackRock, the world’s largest asset manager with almost $10 trillion in AUM, is set to launch a new metaverse ETF to help investors securely monetize on the booming immersive version of the internet.

Digital Assets

Binance wins license in New Zealand as rival Huobi shutters derivatives

Binance, the world’s largest crypto exchange by traded volume, has obtained licenses to operate in New Zealand, even after rival Huobi shutdown derivatives trading last month due to concerns about regulations.

Retail FX

Hong Kong busts perpetrators of ‘ramp and dump’ scam

Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has charged thirteen suspects of market manipulation in a joint operation with the local police.

Institutional FX

TradingView integrates market data from German Tradegate exchange

TradingView announced that it ‎has increased data coverage to allow its users to receive information from ‎and get free access to the intra-day and tick data from Tradegate Exchange.

Retail FX

Spotware Systems introduces Custom Push Notifications for cTrader mobile apps

Spotware Systems, a technology provider for the electronic trading industry, is introducing a new push notification feature to alert mobile users of price swings and market fluctuations through their cTrader app.

Market News

The Week Ahead: 30 September from David Madden, Market Analyst at Equiti Group

Sterling dominated the headlines last week, as there were concerns the UK government might struggle to service its debt.

Inside View

How does the quality of signal providers affect your business?

A must-have onboarding process for brokers with investment services like PAMM, MAM, or copy trading

Technology

DBS deploys Nasdaq Trade Surveillance

“The confidence that markets and our clients have in DBS as a safe and trusted banking group is anchored on our ability to detect and respond to anomalous activity, which in turn calls for a robust surveillance and prevention infrastructure.”

Industry News

SEC charges Justin Costello and David Ferraro for securities fraud and posing as billionaire veteran

The Securities and Exchange Commission charged Cannabis executive Justin Costello and David Ferraro, an associate of Costello’s, for promoting the stock of several microcap companies on social media without disclosing their own simultaneous stock sales as market prices rose.

<