Shiba Inu ($SHIB) and Dogecoin ($DOGE) Coming to AMC Theaters in Q1, CEO Says
The CEO of leading U.S. movie theater chain AMC has confirmed that the company will accept payments in the meme-inspired cryptocurrencies Shiba Inu ($SHIB) and Dogecoin ($DOGE). The company revealed it was adding both as a payment method last year.
Both DOGE and SHIB are set to be accepted for payments via the company’s website. As CryptoGlobe reported, AMC added bitcoin payments for movie tickets and concessions last year, and at the time said it was exploring “how else AMC can participate in this burgeoning cryptocurrency universe.”
According to a new tweet from AMC’s CEO Adam Aron, he has been repeatedly asked by the community when SHIB and DOGE payments will be available and noted he is “being told” that the firm is “still well on track for the promised Q1 implementation.” The exact date for the implementation, he added, is “most likely in March.”
The company first decided to add DOGE payments after Aaron published a poll on Twitter that saw 140,000 people vote on it, and 68.1% say it should “for sure” list DOGE.
The addition of Shiba Inu is coming after Aron published a second Twitter poll asking his followers whether the DOGE rival should also be accepted. 81.4% of the 153,000 people who responded noted SHIB should “for sure” be added as a payment method.
In the company’s latest earnings call, Aron noted the firm is exploring how it will go about adding Shiba Inu as a payment method, according to The Verge, before noting the company it is also exploring whether it is feasible for AMC to launch its own cryptocurrency.
Per the CEO, the movie theater chain is also “in conversations” with numerous Hollywood studios about “the concept of joint venturing commemorative NFTs [non-fungible tokens] related to major film titles” that show in its theaters.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.