Adam Aron, CEO of AMC Theaters, announced the news on Twitter on Wednesday, October 6. DodgeCoin’s price has risen 5.59 percent since then. This crypto token backed by Elon Musk is currently trading at $0.26 (approximately Rs.17).
This post by Aaron has excited Dodgecoin fans. He kept tweeting to Aaron and requesting him to adopt Dodgecoin Paymente. AMC Theaters gives customers the opportunity to purchase movie tickets and take advantage of discounts via a range of cryptocurrencies, including Bitcoin Cash, Ethereum and Litecoin.
DOGECOIN IS HERE TO STAY!!! Would love to talk to you directly Adam about a couple big plans for Dogecoin. Send me a DM.
— Matt Wallace (@MattWallace888) October 6, 2021
Earlier in September, Aaron posted a poll on Twitter, urging his 186,000 followers to give their feedback on the idea of introducing DodgeCoin payments and help them decide.
At that time 68 percent of the vote came in favor of Dogecoin. Along with this, this post also caught the attention of Elon Musk. Responding to a Twitter comment, Musk said that DodgeCoin handling fees should be reduced to make it easier for the average consumer to purchase Dodgecoin.
Crypto-payments have started gaining momentum in some countries. In Switzerland, for example, cryptocurrency payments have now been adopted by more than 85,000 merchants and payments in crypto are being accepted.
In April 2021, WeWork, a popular office-sharing startup, said it would start accepting payments in select cryptocurrencies.
Indian trade body Nasscom recently predicted that the crypto tech industry is on the way to a major global expansion within the next five years. Its latest report estimates that the global crypto tech market will reach a value of $2.3 billion (approximately Rs 17,087 crore) by 2026.