• Shiba Inu “Dogecoin Killer” to Arrive at AMC Theaters

  • During an earnings call on Monday, AMC Theatres CEO Adam Aron confirmed that the movie theater chain will add Shiba Inu as a payment option.

    The company is already working on bringing its customers the second-largest meme coin:

    We’re currently figuring out how to accept Shiba Inu as currency. That brings us to the next stop on our cryptocurrency hit parade.

    Aron stated that he had seen “a tidal wave” of messages encouraging him to become more involved in the world of cryptocurrencies.

    After initially announcing that AMC would begin accepting Bitcoin for online payments on its website and smartphone app by the end of the year, the world’s largest movie chain went on to add Ether, Litecoin, and Bitcoin Cash to the list of options.

    After being inundated with messages about the meme cryptocurrency, Aron decided to conduct a Twitter poll to determine whether or not the company should accept Dogecoin payments.

    Following a majority vote on Twitter in favor of accepting Dogecoin, the company confirmed that the meme coin would be available as a payment option in the first quarter of 2022.

    Following these announcements, AMC was inundated with “a flood of commentary” about Shiba Inu, which coincided with the coin’s massive price run.

    Aron conducted another Twitter poll to determine whether it was prudent for the movie studio to add another popular meme coin. With 153,100 users voting, a whopping 81.4 percent of those who took part supported such an initiative.

    More cryptocurrency plans

    Despite pushing deeper into cryptocurrency with more payment options, Aron claims that the company has found ways to avoid holding cryptocurrencies on its balance sheet.

    As a result, the movie theater chain will face no additional risks as a result of its acceptance of cryptocurrencies.

    AMC, on the other hand, is considering issuing its own digital coin, which it may hold on its balance sheet.

    Furthermore, the retail trader’s darling is contemplating the use of non-fungible tokens (NFTs).

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