AMC will accept shiba inu for online payments next quarter, according to CEO | Currency News | Financial and business news

Shiba Inu and umbrella
Shiba Inu and umbrella

  • AMC will accept shiba inu online for the next two to four months, CEO Adam Aron said on Monday.
  • Aron said the online payment company Bitpay had agreed to support shiba inu for the purchase of cinema tickets and concessions.
  • Aron recently ran a Twitter survey in which he asked if the company should take the meme token as payment – 81% said “yes”.
  • Sign up for our daily newsletter, 10 things before the opening clock here.

AMC Entertainment, the largest cinema chain in the United States, will begin accepting crypto meme coin shiba inu for online payments over the next two to four months, according to CEO Adam Aron.

Aron tweeted the decision Monday, saying it was thanks to crypto payment provider Bitpay that the company could offer the dogecoin spin-off in addition to other digital tokens to pay for movie tickets and concessions. Aaron said AMC would be the first Bitpay client to accept shiba inu.

“Attention #SHIBArmy: Our friends @Bitpay decided to support Shiba Inu specifically because I asked so AMC can take shiba inu for online cinema ticket payments and concessions. @AMCTtheatres to be the first @bitpay client to accept Shiba Inu. Time 60-120 days. This is a WOW! “Said Aron.

Adam Aron tweets
Adam Aron tweets

AMC had already announced earlier this month in a earnings call that it was investigating how it could accept shiba inu. Aron said the company had found a solution that meant it did not have to keep crypto on its balance sheet with all the associated risks.

“Many of you voted, and many of you voted yes, and we are now figuring out how to take shiba inu as our currency,” Aaron said in an earnings call last Monday.

“It’s the next on our cryptocurrency hit parade.”

Aaron had launched one Twitter poll end of october asked if the company should accept shiba inu payments and 81.4% had said “absolutely”.

Thanks to “SHIBarmy” – avid fans of shiba inu – pushing for Robinhood to list it and huge purchases of crypto whales, the coin has doubled in value in a month, according to Coinbase data.

Shiba inu last fell 9% on Tuesday as the broader cryptocurrency market was hit by a combination of bearish factors.

Aron has embraced AMC’s fame as a meme stock and appealed to retailers driving it higher up during the pandemic.

Aaron also tweeted further Friday that AMC now accepted bitcoin, ether, bitcoin cash and litecoin for online payments for its website and smartphone app. It had already accepted crypot for gift card payments.

The company also announced in the earnings call that it would also accept dogecoin for online payments in the first quarter of 2022.

Leave a Comment