fbpx

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

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, 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, 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

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.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

    You can always unsubscribe with just 1 click.

    This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

    Rate This Article
    In order to improve, we give you the opportunity to rate DailyCoin content
    Author

    Milko Trajcevski has been in the crypto world for years, and as such has gathered both a skill for writing as well as a native prowess when it comes to understanding everything that occurs within that world. Through skilled writing and determination, he covers articles about cryptocurrency, tokens, blockchain, crypto-asset regulations, crypto wallets, exchanges, liquidity, DApps, forks, mining, security, and blockchain technologies. He is a professional with a track record of proven expertise within the crypto space.