{"id":121934,"date":"2021-09-27T06:28:16","date_gmt":"2021-09-27T06:28:16","guid":{"rendered":"https:\/\/fin2me.com\/?p=121934"},"modified":"2021-09-27T06:28:16","modified_gmt":"2021-09-27T06:28:16","slug":"elon-musk-says-dogecoin-fees-need-to-fall-before-being-viable-payment","status":"publish","type":"post","link":"https:\/\/fin2me.com\/economy\/elon-musk-says-dogecoin-fees-need-to-fall-before-being-viable-payment\/","title":{"rendered":"Elon Musk says dogecoin fees need to fall before being 'viable' payment"},"content":{"rendered":"
Check out what’s clicking on FoxBusiness.com.\n<\/p>\n
Dogecoin fees need to drop before becoming a viable option for retail purchases such as movie tickets, according to Elon Musk. <\/p>\n
Musk's remarks came after AMC CEO Adam Aron indicated that the meme-based cryptocurrency may be accepted as a payment option at its theaters in the future. <\/p>\n
CLICK HERE TO READ MORE ON FOX BUSINESS<\/strong><\/p>\n "Super important for Doge fees to drop to make things like buying movie tix viable," Musk replied to Twitter user Shibetoshi Nakamoto, otherwise known as dogecoin co-creator Billy Markus. <\/p>\n "AMC CEO not only talking about accepting Dogecoin but saying it was the single most interacted with a tweet he has ever made, the crypto market finally seeing some green," Nakamoto tweeted. <\/p>\n GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong> <\/strong><\/p>\n On Wednesday, Aron asked his Twitter followers if the movie theater chain should accept the cryptocurrency as a form of payment. <\/p>\n About 77% of respondents, or approximately 140,000 people, voted in favor of the concept, Aron said. <\/p>\n Not only was it his "highest ever read tweet" but it even gained attention from Musk himself. <\/p>\n "It’s clear that you think AMC should accept Dogecoin," Aron wrote following the results. "Now we need to figure out how to do that. Stay tuned!" <\/p>\n AMC CEO SUGGESTS DOGECOIN COULD BE ACCEPTED AT THEATERS: 'STAY TUNED'<\/strong><\/p>\n A single dogecoin is currently worth about 22 cents, an increase of more than 8,000% over the last 12 months, according to crypto trading platform Coinbase.<\/p>\n The movie theater chain has already announced plans to accept Bitcoin, Etherum, Litecoin and Bitcoin Cash for online payments starting later this year.<\/p>\n FOX Business' Thomas Barrabi contributed to this report. <\/i><\/p>\n\n\n
\n \nTicker<\/th>\n Security<\/th>\n Last<\/th>\n Change<\/th>\n Change %<\/th>\n<\/tr>\n<\/thead>\n \n AMC<\/td>\n AMC ENTERTAINMENT HOLDINGS INC<\/td>\n 40.65<\/td>\n +0.55<\/td>\n +1.37%<\/td>\n<\/tr>\n \n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n