AMC Entertainment will be set to accept the novel Shiba Inu (SHIB) digital currency for payments in 60-120 days, CEO Adam Aron says.
Adam Aron, the Chief Executive Officer (CEO), of the world’s largest movie exhibition company AMC announced on Monday, that the company will soon be able to accept cryptocurrency Shiba Inu (SHIB), as a mode of payment for buying tickets online. It is worth noting that AMC is the largest movie exhibition company in the US, Europe, and the world. The company owns about 1000 theaters and 10,600 screens globally.
Adam Aron tweeted that crypto payment service provider Bitpay has decided to support Shiba Inu specifically because he asked them to. Therefore, AMC will be able to take SHIB for online payments of movie tickets and concessions in about 60 to 120 days. Aron added that AMC Theatres is set to become the first Bitpay client to accept Shiba Inu.
The AMC CEO previously said that his company has been trying to find a way to accept SHIB ever since he set up a Twitter poll on Oct. 29 asking his followers whether AMC should accept Shiba Inu alongside Dogecoin (DOGE) and other cryptocurrencies. Out of a total of 153,100 votes, 87.6% said “Yes.”
Last week, Aron tweeted: “As promised, many new ways now to pay online at AMC. We proudly now accept: drumroll, please … Bitcoin, Ethereum, Bitcoin Cash, Litecoin. Also Apple Pay, Google Pay, Paypal. Incredibly, they already account for 14% of our total online transactions! Dogecoin next.”
While many people expect AMC to accept the four cryptocurrencies through Bitpay, the movie theater chain decided to just add Paypal as a payment option, which AMC says, “Supports cryptocurrencies.”
Amid the DOGE and SHIB rivalry, adding both coins may be a smart move on part of AMC. The chain already announced to accept payments in Dogecoin for the purchase of gift cards worth up to $200 per day. And with the addition of SHIB to its list of crypto payments, AMC has put itself in the good books of both rival communities. Earlier this year after resurrecting from the death by bankruptcy. The company decided to incorporate crypto in its functioning in the month of September, and they have not looked back since.