Bring Your Doge To The Movies? AMC CEO Runs Poll On Whether Theater Chain Should Accept The Meme Cryptocurrency

Bring Your Doge To The Movies? AMC CEO Runs Poll On Whether Theater Chain Should Accept The Meme Cryptocurrency

Despite the frenzied retail following, Dogecoin DOGE/USD has yet to see wide mainstream adoption.

What Happened: Many have been wanting to see the heady concoction of Dogecoin and meme stock AMC Entertainment Holdings, Inc. AMC.

Apparently, sensing the pulse of moviegoers, CEO Adam Aaron ran a Twitter poll asking whether the theater chain should accept Dogecoin as a payment option.

Related Link: Dogecoin's Climb To $1 By Year-End: A Possibility Or A Pipedream?

Why It's Important: The clamor for AMC accepting Dogecoin for ticket purchases began to grow louder after Aaron confirmed last week the company will begin to accept altcoins such as Ethereum ETH/USD, Litecoin LTC/USD and Bitcoin Cash BCH/USD.

A month back, Aaron announced on AMC's second-quarter earnings call that, by the end of 2021, the company will accept Bitcoin as payment for movie tickets and concessions if purchased online at all of its U.S. theatres.

A decision in favor of accepting Dogecoin could prove to be positive for the meme currency, which has been locked in a lackadaisical phase ever since it hit an all-time high of 73.76 cents in early May. It could also help AMC's ticket sales, adding to the buoyancy in recent months following COVID-19-induced weakness.

Aaron's tweet initially sent the Doge spiking to 21.75 cents, although the meme currency has pulled back since then. At last check, Doge was down 1% at $.2074 and AMC shares were down 3.13% at $39.03.

Posted In: Adam ArondogecoinCryptocurrencyNewsMarkets

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