AMC Theatres accept dogecoin for digital gift cards

This follows a poll which indicated strong customer support for such a move

AMC logo                                 
AMC logo - Photo: Shutterstock
                                

AMC Theatres, the American movie theatre chain, has announced it will allow its customers to buy digital gift cards with dogecoin. This service will be available on the company’s website, via its mobile app and in its theatres. Customers will, however, need the BitPay Wallet to make purchases with the crypto.    

Adam Aron, CEO of AMC, made the announcement on Twitter and explained a customer can buy up to $200 (£147) of digital gift cards per day with dogecoin.

This is not a surprising move from the movie theatre as, back in September, Aron conducted a Twitter poll relating to dogecoin. The poll asked if his company should start to accept dogecoin as a crypto, with 77% saying yes and 23% saying no from a poll of 140,000 votes. According to Aron, it was his “highest-ever-read tweet, my most-ever retweets, most-ever replies”.

Aron ended his tweet by stating that AMC now needs to “figure out” how to accept dogecoin.

The crypto cinema

Again, back in September, Aron announced that AMC will accept bitcoin, ethereum, litecoin and bitcoin cash for online ticket purchases by the end of 2021.

Once again the CEO tweeted: “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept bitcoin for online ticket concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept ethereum, litecoin and bitcoin cash.”

Musk’s reaction 

Meanwhile, Tesla CEO Elon Musk declared that it is “important for doge fees to drop to make things like buying movie tickets viable”.

Musk is a well known supporter of dogecoin, and even has Jared Birchall, who represents Musk and is head of Musk’s family office, sitting on the Dogecoin Foundation. Vitalik Buterin is also part of the Foundation, with Buterin listed as a blockchain and crypto adviser, and Birchall as a legal and finance adviser.

In a Twitter poll back in 2019, Musk was named the unofficial CEO of dogecoin, beating other crypto luminaries such as Buterin, litecoin creator Charlie Lee and Metal Pay CEO Marshall Hayner.

Further reading: AMC jumps on expectation-beating second-quarter results

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