AMC Theatres now accepting crypto payments for gift cards buyers

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TL;DR Breakdown

  • Adom Aron, the CEO of AMC Theatres, revealed that AMC would be accepting crypto payments.
  • The former CEO of Starwood Hotels announced that users could buy gift cards of up to $200 using crypto.

AMC Theatres, one of the most influential cinema giants in America, will now be accepting crypto payments. The CEO of the company announced in a Tweet that people can now buy gift cards using Dogecoin and other cryptocurrencies. Crypto payments will now be available in the AMC mobile application, the AMC website, and even theatres.

Amidst this positive news, Dogecoin has been performing extremely well. Compared to the month of September, the prices are up by more than 20%. The coin ranks at number 8th in the market.

Users can buy AMC Theatres gift cards using BitPay

Customers can buy gift cards using crypto payments from the app or the website but, the limit for such a purchase is set at $200. Currently, only BitPay wallet users will be able to make such payments as other wallets are not supported.

In the Tweet by the CEO of the firm, it can be seen that special emphasis has been put on Dogecoin. Adam Aron has been a supporter of Dogecoin. In a poll conducted by the CEO last month on his Twitter, he asked around 170,000 people if AMC Theatres should accept Dogecoin for purchasing movie tickets by the end of 2021.

The results of the poll stated that over 68.1% of votes went into support of Dogecoin. It seems that AMC Theatres have taken one step ahead, and by the year-end, customers will be able to buy movie tickets using crypto tokens.

In response to the poll, the CEO of the cinema giant said,

“It’s clear that you think AMC should accept Dogecoin. Now we need to figure out how to do that. Stay tuned!”

Adam Aron

Isn’t this hype enough?

Despite this huge surge in adoption and popularity of Dogecoin, the data shows that Dogecoin transactions are not equal to the highs of April. Currently, the transactions are a little higher than 25K, as compared to the peak of 140,000 witnessed in the month of April.

It seems that the decline in trading volumes brought the market cap of the crypto tumbling down as the current price of 0.25 USD is 66.58% below the all-time high.

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