Following a recent tweet from AMC’s CEO Adam Aron, the movie theatre firm is considering accepting Dogecoin payments, the firm stated it will allow payments with Bitcoin and three other cryptocurrencies by the end of the year.
AMC stated last week that, in addition to plans to take Bitcoin payments by the end of 2021, it will also accept Ethereum, Litecoin, and Bitcoin Cash.
However, legions of Dogecoin supporters flocked to Twitter to express their displeasure at the cryptocurrency‘s omission, and it looks that their message was received.
AMC CEO Adam Aron conducted a poll on Twitter today, asking fans if they would use Dogecoin to buy online movie tickets and refreshments at theatres.
Aron commented, “I truly want to hear your thoughts via this Twitter Poll.” “By the end of 2021, AMC will accept online payments in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Many people on my Twitter feed have suggested that we accept Dogecoin as well. Do you believe AMC should consider adopting Dogecoin as a payment option?”
Aron presented four options, each divided into Yes and No responses, ranging from “Yes, absolutely do it” to “No, it’s a waste of time.”
More than 82 percent of the comments are positive, with over 28,000 votes, as of this writing, roughly two hours after the tweet was released.
The Dogecoin community is active on social media, but there’s one more wrinkle: just as DOGE is a popular meme coin, AMC is a top “meme stock.”
The meme stock movement began in January, when members of the Reddit group r/WallStreetBets began buying stocks that were considered low-value or beyond their prime by standard metrics, such as AMC, GameStop, and Nokia.
The values of each stock rose and fell swiftly, owing in part to the ease with which buyers and sellers could purchase and sell via the mobile trading software Robinhood.
Regulatory monitoring of Robinhood and stock trading activities arose as a result, although AMC has preserved a large portion of this year’s value increase.
Since the beginning of the year, the stock has risen more than 1,800 percent to a current price of $39, a gain of more than 1,800 percent.
Dogecoin has followed a similar increasing trend, propelled by rising social media enthusiasm and tweets from high-profile supporters like as Elon Musk and Mark Cuban.
According to CoinGecko data, the meme-inspired cryptocurrency was valued at approximately half a penny at the start of the year, but has since risen more than 3,600 percent to a current price of $0.20.
That’s despite the fact that DOGE’s price has plummeted by 72 percent from its all-time high of $0.73 achieved in May. It looks like AMC is leaning into the social media excitement and exploring the move.
