Adam Aron, the CEO of AMC Entertainment, 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;
Attention #SHIBArmy: Our friends @Bitpay decided to support Shiba Inu specifically because I asked, so AMC can take Shiba Inu for online payments of movie tickets and concessions. @AMCTheatres to be the first @bitpay client to accept Shiba Inu. Timing 60-120 days. This is a WOW! pic.twitter.com/F54i22hHDv— Adam Aron (@CEOAdam) November 15, 2021
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, 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.