AMC Theaters Considers Accepting Shiba Inu As Payment Amid Growing Interest
October 30 2021 - 2:00PM
NEWSBTC
AMC Theatres, the largest movie theater chain in the world, is
considering adding Shiba Inu (SHIB) as a way to pay for tickets. On
Friday, the CEO of the theatre chain, Adam Aron, put up a poll on
Twitter asking the crypto community if they would be potentially
interested in paying for movie tickets with Shiba Inu. After
acquiring some cinemas in 2016, AMC became the largest movie
theater chain in the world. It has 2,866 screens in 358 theatres in
Europe and 7,967 screens in 620 theatres in the United States.
Shiba Inu – A Potential Means Of Payment AMC Theatres is already in
the process of integrating the payment options for movie tickets
using Bitcoin, Litecoin, Ethereum, and Dogecoin, into its system.
So this recent development is not really a surprise. On Friday,
Shiba Inu overtook Dogecoin to become the ninth-largest
cryptocurrency by market capitalization. With a market cap of
$40,476,844,035, the meme coin was up 5.13% in the last 24 hours.
Related Reading | By The Numbers: What $1000 In SHIB Is Worth
Now In the early hours of Friday, Aron took to his Twitter page to
ask users if the company should accept online payments in Shiba Inu
in addition to the other digital currencies that it’s working on.
The poll already has a significant number of interactions even
though there are still four days left to vote. At the time of
writing, 121,916 Twitter users have already voted. So far, 87%
support the movie theater chain accepting SHIB, while 13% are
opposed to the idea. This is, however, not Aron’s first Twitter
poll of this sort. The first poll, which was conducted in
September, was about whether AMC Theatres should accept rival meme
coin Dogecoin. That poll also attracted a lot of attention. And
after the voting ended, Aron expressed his fascination with the
number of interactions it garnered. Among those who liked his tweet
was Tesla CEO and dogecoin supporter Elon Musk. AMC Theatres And
Crypto The multinational entertainment giant has been showing
serious interest in blockchain technology recently. Last week
during an interview with CNBC, CEO Adam
Aron discussed AMC’s crypto ambitions. He said, “We’ve
made a lot of noise in the last few months about getting
hyperactive in cryptocurrency.” He also discussed the possibility
of issuing company-specific crypto. Related Reading | Crypto
Adoption Boosts Travel: Travala Rises From The Ashes In August, the
firm stated its intention to include Bitcoin payments for movie
tickets into its infrastructure by the end of this year. The
following month, the theater giant expanded on those crypto payment
options by including Ethereum (ETH), Litecoin (LTC), and Bitcoin
Cash (BCH). According to Aron, moviegoers are keen to pay for their
movies with crypto at AMC theatres. These new payment methods will
also be available by the end of the year. SHIB trading at
$0.0000736 | Source: SHIBUSD on TradingView.com Earlier this month,
AMC added Dogecoin to the list of crypto payment options. However,
this will be added in early 2022. The company also announced that
users can now buy digital gift cards with Dogecoin and other
cryptocurrencies using their BitPay wallets. Last month, the CEO of
AMC theatres also indicated its interest in minting
commemorative movie tickets as non-fungible tokens (NFTs) during a
CNBC interview. Featured image by Financial Times, Chart by
TradingView.com
Litecoin (COIN:LTCUSD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Litecoin (COIN:LTCUSD)
Historical Stock Chart
From Jul 2023 to Jul 2024