Technology

AMC Theatres CEO Asks People if Dogecoin Should Be Accepted for Tickets

A week after announcing the inclusion of Bitcoin as a payment method, US movie theatres chain AMC may soon start accepting Dogecoin as well. AMC will soon allow customers to purchase movie tickets via several cryptocurrencies including Bitcoin Cash, Ethereum, and Litecoin, and also avail of concessions. And as per media reports, supporters of Dogecoin have been storming AMC with requests to include the meme-based cryptocurrency. As a result, AMC now seems to be seeking a general public opinion if it should allow Dogecoin into the mix.

Adam Aron, the CEO of AMC posted a poll on Twitter asking his 171,000 followers to vote on just that late on Tuesday, September 21. At the time of writing this article, the post had 117,026 votes, out of which nearly 70 percent voters were in the favour of accepting Elon Musk-backed Dogecoin. On the other hand, 15 percent voters, making for the second-highest ranked poll option, said including Dogecoin as a payment option was a “waste of effort”.

Going by the comments, the public reaction to the development appears in favor of accepting Dogecoin as a ticket payment option.

“This is awesome. Now maybe a stock option for employees like Walmart does. Simple payroll deduction. 5-dollar monthly min to invest,” Twitter user @Casterstoy said.

While some people thanked the AMC CEO for listening to public requests, the others highlighted that Dogecoin is lower in value as compared to Bitcoin and Ethereum that could allow more people to use cryptocurrency to facilitate payments. On Wednesday, September 22 at 5pm, Dogecoin price in India was at Rs. 16.3 ($0.22).

The sentiment towards cryptocurrencies is witnessing a positive and accepting change in several parts of the world.

Earlier this month, El Salvador became the first country in the world to make Bitcoin a legal tender alongside the US dollar.

In India, the Finance Ministry is also reportedly examining ways to tax cryptocurrency-based incomes before extending the draft Cryptocurrency Bill before the Parliament later this year.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.




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