AMC Theaters Accept Dogecoin after Bitcoin Cash and Ethereum coin payment. Here is a complete analysis of how the AMC Theaters chain takes this decision and how it will benefit the customers.
AMC Theaters Accept Dogecoin
America’s largest hotel company has recently announced to accept payment in Dogecoin cryptocurrency. Let us tell you that earlier all the theaters of AMC used to accept payment through Bitcoin, Bitcoin Cash, and Ethereum.
Now they will start accepting payments for movie tickets and snacks in Dogecoin cryptocurrency. It will again boost the demand for this currency in the market and soon its price will go up.
It is really a piece of interesting news for Dogecoin holders and Dogecoin investors.
Why AMC Theaters Accept Dogecoin
By the way, there can be many big reasons behind this, which the company has not yet disclosed. But many important things have come out from the online discussion by the user.
This is very important for you to know, from this you can understand the concept of accepting payment in Dogecoin.
Possible Reasons Are Given Below:
1. ETH Has High Gas Fee
One of the main drawbacks of Ethereum payment is its high gas fee. Suppose if you are paying $100 for shopping, then you have to pay almost a similar amount as the Gas Fee with an Ethereum transaction.
Hence, AMC may notice a downfall in ETH crypto payments. So, they decide to introduce the best alternative for this.
2. Bitcoin Cas And ETH Transactions are Slow
Bitcoin cash, bitcoin’s blockchain-based grace currency. Its transaction speed is also very slow, like bitcoin. If we talk about Ethereum cryptocurrency, then the transaction speed here is slightly higher than bitcoin.
But according to the changing technology, it has also been left far behind. So, AMC theaters accept Dogecoin payment for fast transactions.
3. DogeCoin Price Will Go High in Future
Since Elon Musk purchased major Dogecoins, and he was actively twitting about this. People looking for great future potential in this Dogecoin. Almost all crypto investors have Dogecoins nowadays.
People are trusting Dogecoin more than Ethereum. Each one has some Dogecoin in their wallet. So, if users will buy AMC theater tickets with ETH and Bitcoin cash, then they have to pay a lot of transaction charges and Gas fees.
So, AMC theater accepts Dogecoin payments to save their customer’s transaction fees.