AMC Now Accepts Dogecoin For Gift Cards After Crypto Fans Inundate CEO Adam Aron’s Twitter Poll | Currency News | Financial and business news

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AMC Theater.

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AMC now accepts dogecoin as a payment option for gift card purchases using a BitPay wallet. The move came after its CEO launched a Twitter poll in September asking if AMC should accept the token meme. CEO Adam Aron added that his company will continue to work on online crypto payment transactions. Sign up for our daily newsletter, 10 things before the opening bell here.

Adam Aron, CEO of AMC Theater, cemented his commitment to dogecoin fans.

The social media savvy CEO announced on Tuesday that his movie channel accepts the meme token as a payment option for gift card purchases up to $ 200 per day using a BitPay wallet, he said. he stated in a tweet.

Aron added that his company will continue to work on online crypto payment transactions, in line with its September announcement that AMC will accept bitcoin, ether, bitcoin cash and litecoin by the end of the year. .

In September, Aron launched a Twitter poll asking if AMC should consider accepting dogecoin. At the end of the survey, it had attracted 140,000 votes in 24 hours, with 68.1% voting for the cinema chain to accept the token in all places.

On Wednesday, AMC stock was trading down 3.35% to $ 35.81. Stocks are still worth around 16 times their value at the start of the year. Last week, the company announced that it had repurchased $ 41.3 million of debt securities to reduce interest costs, sending the stock to a two-day rally.

AMC, once a struggling company that flirted with bankruptcy in the past, rose to fame earlier this year amid the stock market meme frenzy. Along with GameStop, both companies saw their stock prices rise in the face of overwhelming demand from retail investors despite their questionable valuations.

Aron has so far capitalized on his company’s newfound fame by playing on AMC’s status as a memes stock. It has, for example, reached out to retail investors through tweets and YouTube videos, and even offered regular investors movie-related perks like free popcorn.

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