AMC Starts Taking Dogecoin as Payment

The AMC Theatres movie chain has begun allowing dogecoin as a form of payment, Gadgets 360 reported.

The transactions will be facilitated through BitPay, a bitcoin payment service provider, and consumers will now be able to use dogecoin to buy gift cards with a $200 limit, according to the report.

The report cited the affordability of dogecoin as a reason for the move. And in addition, because gift cards will be able to be used at other stores, dogecoin will now be offered in more locations.

The news comes after AMC held a poll on Twitter on whether it should take dogecoin as payment, and the response was in favor of it.

In other news, bitcoin whales, or entities that hold lots of bitcoin, have apparently been accumulating more with no sign of selling out or dumping, Crypto New Media reported, citing researcher Santiment.


Whales have hit a new record from July 2019, accumulating thousands of bitcoin, according to the report. This has likely affected the market and could be one of the reasons for the price jump, with the coin trading at $50,600.

Whales have been in the bitcoin market since its inception, the report stated.

Meanwhile, public blockchain platform Cardano has entered into artificial intelligence (AI) as part of a partnership with Awakening Health, Crypto News Media reported.

Awakening Health was created via a partnership between Hanson Robotics and SingularityNET, the report stated.

The AI will be called Grace, and it will be fluent in English, Cantonese and Korean. It will help elderly people with their needs, according to the report.

Cardano’s blockchain was chosen for this project to make it so that Grace can meet HIPAA guidelines. Ben Goertzel, CEO of SingularityNET, said per the report that Grace will help cut down on tasks for frontline workers amid the pandemic, and it will be able to offer company to patients in quarantine in order to decrease the harmful effects of isolation.

——————————

NEW PYMNTS DATA: DIGITAL BANKING STUDY – THE BREWING BATTLE FOR WHERE WE WILL BANK

About: Forty-seven percent of U.S. consumers are shying away from digital-only banks due to data security worries, despite significant interest in these services. In Digital Banking: The Brewing Battle For Where We Will Bank, PYMNTS surveyed over 2,200 consumers to reveal how digital-only banks can shore up privacy and security while offering convenient services to satisfy this unmet demand.