AMC Theatres CEO considers adding Shiba Inu as payment for ticket purchases

AMC Theatres CEO Adam Aron confirmed that he is considering adding the Shiba Inu as a payment option for movie tickets. This decision has been made in response to recent changes such as Bitcoin and blockchain becoming more mainstream.

AMC Theatres, the largest theatre chain in North America, is considering adding Shiba Inu as a form of payment for tickets. They are also exploring other options like cryptocurrency and mobile digital currency payments after being inundated with requests from customers to use more innovative forms of payment.

AMC Theatres CEO Adam Aron has considered adding the Shiba Inu as payment for ticket purchases. This would be a first for AMC and it is unclear if they will take this step.

 

AMC Entertainment is modernizing its technological infrastructure to enable customers to purchase movie tickets online using Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE). It doesn’t end there, however. Adam Aron, the company’s CEO, inquired on Twitter early Friday morning whether consumers would be interested in paying with Shiba Inu as well. At the time of writing, 97,582 Twitter users have voted in the survey, with almost 85 percent of respondents saying “Yes.”

In recent months, the venerable movie theater operator has shown an increasing interest in cryptocurrency. Its CEO spoke about the prospect of creating a company-specific cryptocurrency last week. AMC made it possible for users to buy digital gift cards using Dogecoin and other cryptocurrencies using the BitPay wallet earlier this month. During a CNBC interview in September, Aron showed interest in minting commemorative movie tickets as non-fungible tokens, or NFTs.

Shiba Inu surpassed Dogecoin as the world’s ninth-largest cryptocurrency by market valuation on Friday. According to Etherscan, the number of Shiba Inu transactions per day has topped 140,000, falling just short of the all-time record of 172,411 per day set in May.

The Shiba Inu ecosystem has grown to include ShibaSwap, a decentralized exchange, or DEX, after a record run-up. According to statistics from Defi Llama, the total value locked, or TVL, on ShibaSwap is $537.92 million. According to CoinGecko, there are presently 29 currencies listed on ShibaSwap, with $236 million worth of coins changing hands in the previous 24 hours. ShibaSwap has two extra tokens in addition to its core token, Shiba Inu. Doge Killer is used to offer trading liquidity on the DEX, whereas Bone ShibaSwap is used to vote on governance rules proposed by developers.

AMC Theatres CEO Adam Aron has announced that the company is considering adding Shiba Inu as a payment for ticket purchases. The idea came from a Reddit user who suggested it after seeing a dog at the theater. Reference: amc taking crypto.

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