AMC Becomes More Crypto Friendly than Ever by Accepting Dogecoin Payments

ByDawn Pipkin

Oct 9, 2021

Crypto adoption has been the talk of the talk for quite a while and for good reason. More and more organizations are moving towards adopting crypto because of the high level of convenience it offers. It is hard to believe that companies did not move towards this direction years ago.

However, there are plenty of reasons behind it. One of the main reasons why this adoption did not take place earlier is that there was not as much crypto related knowledge as it is these days. With more and more financial institutions doing loads of research about crypto, it would be fair to say that crypto is quite reliable.

Sure, there are plenty of cases where people ended up getting the short end of the stick from crypto but cases like these are far and few. As time passes by, large and even smaller organizations are coming to terms with the fact that crypto is the currency to adopt moving forward. It is a significant reason why world renowned chains like Walmart, Amazon, Facebook, Twitter, AMC theaters and many others are moving towards crypto adaption.

Initially, it would be fair to say that there was a fair bit of hesitation when it came to the matter of accepting crypto related payments. One of the reasons behind it is that the crypto world has been riddled with loads and loads of frauds and hacks where people ended up losing money. Now, however, governments from different parts of the worlds are getting very strict when it comes to the matter of regulations.

With stricter regulations in place, the crypto landscape will become a safer place to mine and trade while making sure that investors feel safe. With AMC announcing its crypto friendly stance to everyone, it becomes clear as day that more and more theater chains will do the same. That being said, it is worth keeping in mind that people were under the assumption that this chain would never accept crypto.

As time passed, however, everybody was proven wrong as AMC announced that it would be accepting payments in the form of bitcoin. As you would expect, this proved to be a massive piece of news because people were looking for a renowned theater chain to accept bitcoin payments.

However, AMC, for a long period of time, did not accept any other crypto besides bitcoin. People thought that things would stay this way for the foreseeable future. However, things have taken a turn for the better once again as AMC theaters announced that it would be accepting doge coins as well.

One of the biggest reasons behind this is doge coins immense popularity.

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