Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Cryptos

Dogecoin gains clout, meme coin payments to reach cinemas in Q1, 2022

Olumide AdesinabyOlumide Adesina
1 year ago
in Cryptos
Is Bitcoin any different from Dogecoin?
Share on FacebookShare on TwitterShare on Linkedin

AMC CEO Adam Aron announced AMC would accept Dogecoin payments in the first quarter of 2022 saying, “I believe we will be able to accept Dogecoin in Q1”.

American customers will be able to use the top meme cryptocurrency to pay for tickets and concession stand items with the meme coin trading around $0.25 on the FTX exchange at the time of writing this report.

Dogecoin supporters – notoriously committed to adoption initiatives – tweeted in droves to support the token’s inclusion as a payment option for the cinema. Since then, users have been able to buy up to $200 worth of digital gift cards per day. These cards can then be redeemed by theatre goers in cinemas across the world’s largest economy.

By the end of 2021, AMC Entertainment plans on accepting four other crypto assets: Bitcoin, Ether, Litecoin and Bitcoin Cash.

According to October 2020 data, there are 620 AMC Entertainment cinemas within the United States, and 358 cinemas Europe.

Crypto assets like dogecoin are gaining mainstream recognition as liberating alternatives to traditional fiat currencies, and public venues are adapting their technological infrastructure to meet consumer demand.

Dogecoin was created in 2013 as a joke to mock the cryptocurrency mania of the time, by Billy Markus and Jackson Palmer. The token quickly faded into obscurity, with a value close to zero.

After a long period of obscurity in which its value was close to zero, Dogecoin shot back to fame in January 2021, immediately following the Gamestop saga. Several celebrities, including the world’s richest man, Elon Musk and Mark Cuban, have tweeted about it since then.

Dogecoin is a type of digital coin that facilitates peer-to-peer transactions and is decentralized. It is easy to send money online through Dogecoin. It is sometimes called the “internet currency.”

A key difference between it and Bitcoin’s proof-of-work protocol is the use of Scrypt technology. Dogecoin’s block period is one minute, and its supply is unlimited, meaning that it is mined indefinitely.

Related

Tags: Adam AronAMCAMC EntertainmentDOGEDogecoin

Leave a Reply Cancel reply

HFM
Mega Millions
Mega Millions
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Naira, fuel scarcity: Lagos announces 50% transport fare reduction on BRT buses, LAGRIDE, others, sets up Food bank 
  • Girl Child: Nurturing Our Women, Nigeria’s Own Wealth
  • Nigeria investing heavily in food, packaging and plastics technology

Follow us on social media:

Recent News

Naira, fuel scarcity: Lagos announces 50% transport fare reduction for BRT, LAGRIDE, others, sets up Food bank

Naira, fuel scarcity: Lagos announces 50% transport fare reduction on BRT buses, LAGRIDE, others, sets up Food bank 

February 8, 2023
GIrl child

Girl Child: Nurturing Our Women, Nigeria’s Own Wealth

February 8, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds

© 2023 Nairametrics