2 years ago
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Its CEO, Adam Aron had launched a Twitter poll on whether the chain should be accepting Dogecoin as a payment method and most of the respondents replied with a resounding ‘yes’ to the idea. Adam had been open to using crypto as a payment method for quite some time and it is understood that he had been mulling the acceptance of BTC, ETH, LTC, etc for this purpose and it was also expected that cryptos would be accepted by the end of the year at the chain. But the latest twist is the entry of dogecoin into this race.
It is indeed a surprise that the chain has been able to continue with its plans of using crypto and continuing to receive a lot of love despite the losses that it is likely to have suffered during the pandemic when many of the theatres were shut down and movies were not being released. The chain does not seem to have yet figured out a way to accept cryptos as many regulations and laws are then likely to come into the picture along with other challenges like digital and crypto wallets, confirmation of ticket sales, etc but this could be a nice boost for the crypto ecosystem and especially for NFTs in the future.
Many businesses that had been hard hit by the pandemic have been using this time to re-invent themselves with new ideas and the use of cryptos and NFTs has been one of the most often used recourses for generating attention and also a solution for many of the existing problems in many businesses. The use of cryptos and NFTs in movies and theatres are likely to be one of the best use cases for blockchain and the crypto ecosystem but it remains to be seen whether the movie and theatre industry would be ready to accept such innovations which could help in boosting interest and bringing people back into the theatres. In fact, these industries might need crypto to survive in the long term.
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