Dogecoin may become a common currency for buying Cinema tickets. But changes must first take place.
AMC rushed to accept crypto through Dogecoin Twitter account. The latter states that if you want a WOW effect, like Mark Cuban and Elon Musk, you need Dogecoin. Elon Musk specifies what will have to change for Dogecoin to effectively become AMC’s currency, after a unanimous vote from Twitter.
Dogecoin puts the pressure on AMC
The official Twitter account of Dogecoin, @dogecoin, which has 2.1 million subscribers, prompted Adam aron to accept the wow effect that is caused by the Dogecoin. Adam Aron is the CEO of one of the biggest cinema chains in the world, AMC. However, recently, this company looked into the issue of crypto currencies.
The cinema chain already wishes to implement solutions of payment in Bitcoin, Ethereum, Bitcoin cash and Litecoin for online payments.
The question posed by AMC CEO Adam Aron was not “do or do cinema consumers want to have the means to pay in crypto“. But know which cryptos they wanted to be able to use. This question arose in the form of a poll on Twitter.
I sincerely want to know your opinion, via this Twitter poll. By the end of 2021, AMC will accept Bitcoin, Ethereum, Litecoin, and Bitcoin Cash for online payments. Many users of my Twitter feed have told me that we should also accept Dogecoin. Do you think AMC should consider accepting Dogecoin?
A Unanimous Vote for the DOGE
The response was final. Although one can notice that the two camps which emerge are the staunch supporters and the opponents. Indifferent people are in the minority on this issue, which has been tearing the community apart since May 2021.
Dogecoin adoption is clearly demanded by AMC users
A result undoubtedly influenced by the Dogecoin community, which responded to the rallying cry “much wow” launched by the official Twitter account. The latter is not hesitant to use the image of billionaires Elon Musk and Mark Cuban. Indeed, the latter have both largely supported the cryptocurrency bearing the effigy of the Shiba Inu. The argument put forward by the @dogecoin account was however limited to evoking these big names.
Look, @CEOAdam – do you want some wow? Because that’s how you get wow. Ask @mcubanet @ monmusk- they saw a lot of wow. And if you, sir adam, want to see a lot of wow, why not accept this corner? It’s as easy to accept as anyone else, plus there’s a dog on it.
The Token Meme Becomes a Real Crypto Currency
However, the reactivity of the Dogecoin Army, its mobilizing power and its large number make sense for the AMC company. The latter wishes to reach a large panel of consumers. If all the dogecoiners go to AMC theaters, that represents an interesting turnover.
Dogecoin is a token unique among cryptocurrencies. These are generally serious projects, presented by big names in crypto graphy, by researchers or computer engineers. But Dogecoin does not obey these rules.
Instead, it was cast as a joke based on the image of a meme, the DOGE, a Shiba inu with a very human expression on his face. The image has become one of the most famous memes in Internet history. But the community pushed this corner so much that Elon Musk ended up choosing it as his favorite. While the adventures around this token rocked the crypto sphere during the spring of 2021, with Elon Musk stating that he preferred Dogecoin to Bitcoin, things have since calmed down.
Billionaires’ Favorite Crypto
Already, Elon Musk is no longer alone against all.
First, the founder of FTX said that Dogecoin is no longer a joke. Sam Bankman-Fried, whose exchange became the 4th in the world with 400 billion monthly volume, thinks well of Dogecoin. According to him, this is the same story as with GameStop GME and Tesla. Massive influence from private buyers, small hands. “It started off as a joke, but it’s something very serious now. the doge coin and the dogecoin price have changed category ”.
Then, a few months ago, the founder of Tesla and Space X had to face criticism from the entire community. But now Mark Cuban has joined him. And especially, Vitalik Buterin, the CEO of Ethereum, sits with You’re here on the Board of Directors of the Dogecoin Foundation. Thus, everyone is interested in future developments that may know the token with such names on board.
It is moreover within the framework of these future developments thatElon musk spoke on Twitter. The latter reacted to AMC’s statement on the acceptance of cryptocurrencies and Dogecoin in particular. The AMC boss reacted strongly to the results of the DOGE poll, since it was the first time for him that a tweet had generated so much engagement and interaction. He was therefore able to fully appreciate the power of the Dogecoin community. The adoption of token meme by the cinema chain is now more than likely.
A Few Updates for Dogecoin
This is the moment Elon Musk has been waiting for. He recalled that the Dogecoin would have to undergo some updates if it wanted to become a real means of payment for a use as common as the purchase of a cinema ticket.
It is very important that Doge’s fees go down so that things like buying movie tickets are viable.
Changes that will be made possible with the update of nodes. These, currently in version 1.14.3, should evolve to 1.14.4. All the nodes – the network nodes – must be on this protocol for the minimum costs to be implemented by default on the entire network. A wish called by Billy Markus, the co-creator of Dogecoin. And Elon Musk arguably helped develop this update. He who said in May 2021 to work with the developers of Dogecoin to improve the efficiency of the transaction system.