How Elon Musk Reacted To Suggestion That AMC Should Accept Dogecoin


Theater chain AMC Entertainment Holdings, Inc. (NYSE:AMC) has been a retail favorite among stocks and in the crypto universe, Dogecoin (CRYPTO: DOGE) commands a frenzied following.

What Happened: A Twitter user said it makes sense for AMC to accept Dogecoin as a payment mode and asked others whether they agree.

The tweet garnered 3,500 likes and 272 comments at press time. More importantly, it caught the attention of none other than Tesla, Inc.’s (NASDAQ:TSLA) CEO Elon Musk, and he promptly liked the tweet. tslsdoge.png Musk has been an ardent backer of the meme crypto, and he has minced no words in expressing his preference for Doge over Bitcoin (CRYPTO: BTC). He has shunned the latter, citing environmental concerns.

AMC, Doge Show Muted Reaction: Both AMC shares and the Doge have not reacted much to the tweet or Musk’s response.

Dogecoin, which hit an all-time high of 73.76 cents in early May, has pulled back notably from the level. The meme coin has stabilized at around 20 cents this week.

At last check, Doge was down 2.14% at 20.12 cents and AMC was losing 1.88% to $38.17.


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Amazon plans to accept Bitcoin payments this year, claims insider


An nameless supply inside Amazon has reportedly told London enterprise newspaper Metropolis A.M. that the e-commerce large is planning to simply accept Bitcoin (BTC) funds by the tip of 2021, presumably setting the stage for broader mainstream acceptance of crypto transactions. 

“This isn’t simply going via the motions to arrange cryptocurrency cost options in some unspecified time in the future sooner or later – it is a full-on, well-discussed, integral a part of the longer term mechanism of how Amazon will work,” the nameless supply informed Metropolis A.M., in accordance with a report revealed on Sunday

Associated: Bringing the crypto payments ecosystem around the world: Ray Youssef

She indicated that, whereas Bitcoin is step one in Amazon’s crypto ambitions, executives on the firm have been eager so as to add different established cryptocurrencies sooner or later. The “directive is coming from the very prime,” referring to Jeff Bezos, she stated, including: 

“This complete challenge is just about able to roll.”

Along with accepting Bitcoin funds, Amazon is claimed to be exploring the creation of its personal cryptocurrency, presumably as early as 2022, she stated. 

Hypothesis about Amazon’s entry into the cryptocurrency market has been raging for days after a brand new posting for “Digital Forex and Blockchain Product Lead” appeared on the corporate’s job board final week. As per the job description, the brand new rent will assist develop Amazon’s digital currency strategy and product roadmap. The place requires robust area experience in blockchain, distributed ledgers, central financial institution digital currencies and crypto extra usually.

Associated: Countries representing over 90% of global GDP are exploring CBDCs

This isn’t the primary crypto-focused job posting at Amazon. As Cointelegraph reported, the e-commerce large in February recruited for a technical lead to assist develop its new “Digital and Rising Funds” platform.