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AMC to Begin Accepting Shiba Inu (SHIB) in the Next Quarter

Published Nov 16, 2021 09:09AM ET Updated Nov 16, 2021 09:31AM ET
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AMC to Begin Accepting Shiba Inu (SHIB) in the Next Quarter
 
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America’s largest movie theater chain, AMC, popular for accepting ticket payments in Bitcoin and Dogecoin, has revealed that it will add Shiba Inu (SHIB) to its list of supported cryptocurrencies.

Adam Aron, the CEO of AMC Entertainment (NYSE:AMC), set up a poll on October 29th, asking his followers whether the theater chain should begin accepting SHIB. Of the 153,100 respondents, 87.6% voted in favor of AMC accepting SHIB.

On November 15th, AMC’s CEO announced that American-based crypto service provider Bitpay has agreed to support Shiba Inu (SHIB) at his request. He tweeted;

Although seen as a meme coin, Shiba Inu has become one of the biggest digital assets with the most adoption. The coin has recently been listed by Coinbase (NASDAQ:COIN), Gemini, and will soon be listed on Kraken. However, judging by the tweet, the Shiba Army will have to wait at least 60-120 days before they see their assets accepted by AMC.

On the Flipside

  • While increasing the range of cryptocurrencies they accept, AMC has hinted at the possibility of launching their own cryptocurrency.
Although his Tweet hinted that AMC Entertainment would be accepting cryptocurrencies via Bitpay, the movie theater chain has only added Paypal as a payment option. What this means is that, for now at least, customers must buy their assets from Paypal as it does not support coin transfer.

Why You Should Care

When AMC Entertainment fully integrates Bitpay as a payment option, AMC Theatres could start to accept even more cryptocurrencies.

Join to get the flipside of crypto [contact-form-7]

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AMC to Begin Accepting Shiba Inu (SHIB) in the Next Quarter
 

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Comments (3)
Andy Donald
Andy Donald Nov 16, 2021 10:00AM ET
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AMC is desperately trying to get back some audience :). Hence the publicity stunt
Andy Donald
Andy Donald Nov 16, 2021 9:59AM ET
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AMC is desperately trying to get back some audience :). Hence the publicity stunt
Andy Donald
Andy Donald Nov 16, 2021 9:59AM ET
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AMC is desperately trying to get back some audience :). Hence the publicity stunt
 
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