AMC Theatres Says Customers Will Soon Be Able To Pay With Shiba Inu
November 09 2021 - 6:00PM
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Shiba Inu has begun to progress to the next stage of its evolution,
being the payments space. The meme coin is taking the same route as
its predecessor to being a payment token for facilitating small
transactions. It has now made it into AMC Theatre’s list of
cryptocurrencies that will be accepted for purchases in the coming
months. This will provide what will be a utility for the meme coin
going forward. Shiba Inu which was created with no utility
prospects, moved only by the power of internet hype, will see a
real-world application soon. Related Reading | AMC Theaters
Considers Accepting Shiba Inu As Payment Amid Growing Interest AMC
Announces Shiba Inu Payments AMC CEO Adam Aron had published a poll
on Twitter on October 29th to poll the community on their thoughts
on Shiba Inu. The poll was similar to the poll carried out for SHIB
rival Dogecoin before the company had implemented Dogecoin payments
for tickets and concessions. The poll garnered over 150,000 votes,
with 81.4% of the voters voting in favor of accepting SHIB. TWITTER
POLL #2: As you know, you can now purchase AMC gift cards using
cryptocurrency, and our IT group is writing code so that soon we
can accept online payments in Bitcoin, Ethereum, Litecoin and
Dogecoin among others. Should we strive to take Shiba Inu too? —
Adam Aron (@CEOAdam) October 29, 2021 SHIB price maintains low
momentum | Source: SHIBUSD on TradingView.com Fast forward to
November and AMC held its quarterly earnings call on Monday. The
earnings had more than 10,000 people listening, where CEO Adam Aron
announced that the theatre chain would be accepting Shiba Inu as a
payment method in the future. Theatre-goers would be able to
purchase tickets and concessions as they would be able to with
other cryptocurrencies. The company, however, did not reveal a time
frame for when SHIB payments would be accepted on its platform, but
it is expected that the meme coin will go into effect alongside
cryptocurrencies scheduled to be implemented for payments in 2022.
AMC Growing Its Lineup The addition of Shiba Inu as an expected
payment method has brought the total to six cryptocurrencies set to
be accepted at the theatre chain. CEO Adam Aron had previously
disclosed that the entertainment giant was working to implement
crypto payments for its services. Initially, bitcoin was the only
cryptocurrency announced. But as time went on, other
cryptocurrencies were added to the lineup. Related Reading
| Shiba Inu Beats Out Cardano, Dogecoin On Top 10 Watch-Listed
Tokens Ethereum, Bitcoin Cash, and Litecoin were further added to
the list to help provide more options for users when paying with
cryptocurrencies. Then in October, Aron announced that the theatre
chain would begin accepting Dogecoin, bringing the total to five.
Dogecoin payments were implemented after the CEO carried out a poll
that saw the overwhelming majority voted for Doge to be added to
the lineup. On October 5th, Dogecoin payments were officially
announced, allowing users to purchase gift cards of up to $200 a
day using the cryptocurrency. Featured image from CNBC, chart from
TradingView.com
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