Those who participated in the stock market during the pandemic or followed the trending headlines are likely to have come across AMC and its enormous spike during the 2020 pandemic. AMC has made waves once more in the crypto world, this time by revealing its interest in the trendy currency Shiba Inu. AMC Theatre CEO Adam Aron announced that the company would start accepting SHIB for online payments within two to four months.
AMC CEO Adam Aron tweeted this, revealing that he urged BitPay, the blockchain payments business utilized by AMC Theatres, to support Shiba Inu. The token has gained widespread adoption and experienced significant price increases in recent weeks and months.
According to Aron’s tweet, cryptocurrency payment processor BitPay is “particularly” adding Shiba Inu so that AMC may accept the meme-inspired cryptocurrency for online payments of movie tickets and concessions. Aron had previously conducted a Twitter poll in late October asking if the company should take Shiba Inu payments, and 81.4 percent of users answered ‘Yes,’ sparking the next move.
Posted on AMC CEO Adam Aron’s Twitter account:
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
Shiba also tweeted about AMC’s new collaboration, along with a photo of Michael Jackson enjoying popcorn:
We love $SHIB, and we love movies. #PayInShibAtTheMovies coming soon to @AMCTheatres!
Thank you also to @CEOAdam and @BitPay, we are excited to have you form part of the #ShibArmy family! pic.twitter.com/AwIUTcohRH
— Shib (@Shibtoken) November 16, 2021
During an earnings call earlier this month, AMC Theaters made this announcement. They discussed how the company was already looking for ways to accept Shiba Inu as payment for movie tickets, beverages, and meals. Aron noted that the company had discovered a way that allowed it to avoid holding cryptocurrency on its balance sheet, with all of the dangers that entail.
This raises a question for movie theaters around the world, and AMC will run a test case for cinemas to determine whether crypto is a form of payment worth accepting. Shiba Inu has had a fantastic year and is now focusing on gaining more support for the unknown coin alliances. Shiba will now enjoy the frigid winter with a very lovely blanket as AMC’s value continues to rise, as it did this year. Shiba may use its fame for advertising its coin to a larger audience and show that it is more than simply a meme.
