In context: Dogecoin started life as little more than a meme currency, but thanks to Elon Musk’s exposure over the past year, it has quickly attracted many new investors of all ages. Now even giant entertainment companies like AMC are taking it seriously. Last month, the company’s CEO Adam Aron polled Twitter users to ask if AMC should consider supporting Dogecoin as a payment method, and the responses have been overwhelmingly positive.
Unlike the currency itself, Aron’s currency Dogecoin survey was not a meme. It was serious business, and as of Tuesday, AMC began allowing customers to buy up to $ 200 worth of digital gift cards per day using the Shiba-branded coin.
If you want to take advantage of it, the process is relatively straightforward. Simply hook up the BitPay browser extension or one of its two mobile apps – regular BitPay or BitPay Checkout (for purchases at physical AMC locations) – and link your wallet. If you don’t have a BitPay wallet, you can create one here. Once you’ve done that, buying gift cards is as easy as opening the corresponding app or extension and choosing the business you want a gift card for. for.
Huge news for Dogecoin fans! As we are working to accept crypto payments online, you can now buy @AMCTtheatres digital gift cards (up to $ 200 per day) with Dogecoin and other cryptocurrencies using a BitPay wallet. Accepted on our website, mobile app and in theaters. https://t.co/hPubbeq4YG pic.twitter.com/dra7e23tc8
– Adam Aron (@CEOAdam) October 5, 2021
To be clear, Dogecoin isn’t the only crypto you can use with BitPay, and AMC is still working on a more direct way for spectators to take banknotes with their digital coins. So if this (naturally) seems like a relatively inconsequential decision, keep that in mind – more important things are happening, and this is just the first step, hopefully, of many.
Although once considered a silly waste of money, cryptocurrencies are growing in popularity day by day, now becoming a household name and an investment opportunity for thousands (if not millions). Even entire countries have publicly backed crypto, like El Salvador, which now uses its state-owned geothermal power plants to mine Bitcoin.
We’ll be keeping an eye on AMC’s crypto progress over the next few months and let you know if any new developments emerge.
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