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

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Digital Assets

Prisma Finance suffers $10 million crypto exploit, attack ongoing

Liquid staking protocol Prisma Finance fell victim to a security exploit on March 28, resulting in nearly $10 million in Prisma mkUSD and wrapped stETH being stolen by hackers.

<