The American movie theatre chain – AMC Entertainment Holdings as welcomed Dogecoin [DOGE] under its hood as it continued to expand its payment method. This a big news for the meme coin which has been experiencing market stagnancy for past several weeks.
According to the latest announcement, customers will be able to buy gift cards with Dogecoin and this service will be rolled out on the firm’s site, mobile app, as well as in theatres. Additionally, the users will require a BitPay Wallet to n by conduct the purchase.
Adam Aron, who happens to be the CEO of AMC Theatres announced,
“Huge news Dogecoin fans! As we work to accept online crypto payments, now you can buy AMC Theatres
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.”
Dogecoin [DOGE] Hits AMC Theatres
This service will also enable user to buy purchase digital gift cards amounting to a max of $200 per day with the help of the cryptocurrency. This is a significant development for the DOGE ecosystem, as the gift cards can be used to pay across numerous venues which means this addition is paving the way for Dogecoin to a lot of other establishments venturing into the crypto space as well.
Apart from Dogecoin, AMC already accepts Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], and Litecoin [LTC] as a payment method. With the latest news, the popular meme coin has finally entered the movie industry. Following the revelation by the exec, DOGE appreciated to a price of $0.246 and was up by more than 23% over the past seven days.
AMC’s move follows a poll conducted on Twitter by its CEO in September where approximately 80% of the participants echoed optimistism over the idea of the world’s biggest movie theater chain to integrate Dogecoin as a payment method among other crypto-assets. The post also garned a like from Tesla CEO, and staunch DOGE supporter, Elon Musk.