AMC boss points out a possible acceptance of Dogecoin payments

Adam Aron, CEO of AMC Entertainment, asked in a poll on Twitter whether the cinema chain should check the acceptance of Dogecoin.

Almost 70% of the almost 120,000 respondents are in favor of the world’s largest cinema chain accepting DOGE. It would add to the growing list of cryptocurrencies that AMC plans to accept by the end of the year.

Last month, Aron announced that moviegoers could use Bitcoin to pay for entry to AMC cinemas. He said the cinema chain will have the IT systems to accept bitcoin payments by the end of 2021.

Aron made the announcement when speaking on the company’s second quarter results during a conference call on Aug. 9. He also revealed that the cinema chain will also accept Apple Pay and Google Pay, but noted that many of the company’s new private investors are very enthusiastic about cryptocurrencies.

AMC’s CEO also stated last week that he would work on accepting more cryptocurrencies by the end of the year. In addition to Bitcoin, moviegoers can use Ethereum, Litecoin and Bitcoin Cash to buy tickets and pay concessions, Aron said.

AMC and Robinhood

AMC recently rose to prominence as its shares became a meme stock popularly traded by WallStreetBets and Robinhood users. The latter trading platform recently added new crypto wallet and transfer functions in beta for the iPhone version of the app. These new app features will enable customers to send and receive cryptocurrencies like Bitcoin.

Robinhood stock rose 2.1% after Bloomberg reported the test. After the company’s IPO in August, share prices initially rose 123%. Although AMC stock has traded briskly this year, the stock rose more than 4% after the initial Bitcoin announcement and a better-than-expected earnings report.

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