AMC Theatres announced that it now accepts Dogecoin (DOGE) among other selected cryptocurrencies as a payment option for its digital gift cards.
The meme cryptocurrency Dogecoin enjoyed a hefty worth enhance as the world’s largest movie chain adds DOGE to the record of its fee choices.
AMC CEO Adam Aron took to Twitter to share the news, saying “you can buy AMC Theatres digital gift cards (up to $200 per day) with Dogecoin and other cryptocurrency using a BitPay Wallet.
Established in 2011, Bitpay is among the largest crypto payment service providers in the world. A slew of firms has built-in Bitpay to accept Bitcoin and different digital currencies as payments.
Amongst them is Mark Cuban’s NBA team the Dallas Mavericks, which started accepting Dogecoin for their tickets and merchandise in April this year.
The value of DOGE spiked by more than 11% instantly in the wake of the announcement, hitting a neighborhood high of $0.269. By press time, the asset’s worth has backtracked to $0.246, according to CoinGecko.
Related: AMC Entertainment may accept Dogecoin while the transactions hit an all-time low
With a market capitalization of $32.4 billion, the meme coin has also climbed to the 8th spot, leaving USD Coin (USDC) and Polkadot (DOT) behind.
AMC Theaters, whose shares skyrocketed amidst the “meme inventory” trading frenzy earlier this year, first introduced its plans to start accepting crypto in August.
At the time, the Kansas-based company said it was specializing in Bitcoin only, nevertheless, it added three more coins–Ethereum, Litecoin, and Bitcoin Cash–to the record last month.
Soon after Dogecoin fans took to social media to protest the omission of the main meme cryptocurrency from that record, Aron launched a poll on Twitter, asking users to vote on whether or not they might use DOGE to buy film tickets and theater concessions.
And with greater than two-thirds of customers voting in favor of Dogecoin, AMC seemingly had little choice but to listen.
It does seem, nevertheless, that the actual integration of crypto funds at AMC, initially promised to be completed before the tip of the year, may nonetheless take some time.
Whereas BitPay endorsed Aron’s newest publish through a retweet, the company’s gift card page is yet to characteristic the offering at the time of writing.
Source: Decrypt
