AMC theaters to Accept Crypto payment in place of Gift Cards

Cryptocurrency is gradually wining everyone over and replacing some other payment methods, because crypto is more efficient and a lot fast and now crypto is having more uses case in the world at large.

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The world's largest movie theaters to accept at Dogecoin and other cryptocurrencies as a from of digital payment instead of gift card with they're currently using, this is a big bullish news for Dogecoin as it been added as a payment option, it has been struggling for awhile now.

"Huge news Dogecoin fans! As we work to accept online crypto payments, now you can buy @AMCTheatres digital gift cards (up to $200 per day) with Dogecoin and other cryptocurrency using a BitPay Wallet. Accepted on our web site, mobile app, and in theatres" CEO Adam Aron said on a twitter post at 12:58am. See the tweet in the screenshot below:

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The meme based coin "Dogecoin" has shown in the past the it always react well to News or fundamental analysis, mostly when it's from CEO of Tesla Elon musk, but today the News wasn't from him but from CEO of AMC Theatres Adam Aron, which spike the price to 27cents earlier this morning but had made some corrections down to it current price at 24cents.

"The chain would begin accepting bitcoin as payment for tickets and concessions by the end of the year." CEO Adam Aron added.
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Dogecoin Market Chart

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Dogecoin price is currently between the support at $0.23 and resistance at $0.27, I'm expecting price to continue going up to break the resistance level to continue going up till the next resistance level at $0.3051, but if it get rejected at the resistance level at $0.27, then a correction back to the support level at $0.23, but due to the AMC theaters News price is most likely to continue going up.

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Posted Using LeoFinance ^Beta