AMC Theatres’ US Chain May Accept Shiba Inu Payments Amid Coin’s Rocketing Value Growth


US-based movie hall chain AMC Theaters is looking to expand its crypto portfolio in terms of accepting payments. Adam Aron, CEO of AMC Theaters, posted a poll on Twitter asking whether Shiba Inu should be considered as a payment option to offer movie tickets and other services in the state. Growth came about a month after the movie theater chain enabled Dogecoin payments. In the crypto space, both Shiba Inu and Dogecoin are positioned as rival meme-based coins. Backed by Elon Musk, Dogecoin is worth significantly more than its “copycat”, the Shiba Inu token, but in recent times, SHIB has shown a rise in the stratosphere.

Aaron’s Tweet The post, which has received over 18,000 likes since being posted on October 29, offers people four options to choose from. Out of the four options, the first one that reads, “Yes Shiba Inu For Sure” has emerged with the highest turnout with 81 per cent engagement. A total of 144,152 people have participated in the voting so far.

However, the comments section under Aaron’s tweet appeared somewhat divided. While several comments on the post showed enthusiasm among people Shiba Inu-Proponents, some called it a “pump and dump” token, noting that cryptocurrency It currently lacks stability and can create an unbalanced environment for ticket-buyers.

The crypto-coin was created in August 2020 by an unnamed creator “Ryoshi”, and was issued with a . was marketed as dogecoin killer. Modeled after Dogecoin, the Shiba Inu’s mascot is a cartoon-like representation of a Japanese Shiba Inu dog.

On October 25, the Shiba Inu coin recorded a 50 percent spike and became the 11th largest cryptocurrency coin by market cap, according to watcher guru. informed of. The cryptocurrency has registered steady growth since then.

According to Gadgets 360, each Shiba Inu token is currently trading at $0.000071 (approximately Rs.0.0053). price tracker.

For now, it is not clear if AMC Theaters To accept Shiba Inu as payment option will have to go through. Theater chain already accepts Bitcoin, Ethereum, litecoin, and Dogecoin Payments.

As legislators around the world look for ways to regulate cryptocurrencies, the crypto-space is seeing support and Expansion In other countries including India, Pakistan, Africa and the UK.

In October, the market capitalization of all cryptocurrencies crossed a milestone of $2.5 trillion (approximately Rs 1,87,42,625 crore), according to Cryptocurrencies. tracker Coinmarket Cap.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain of classGadgets 360 Podcast. orbital is available Apple Podcasts, google podcasts, Spotify, amazon music And wherever you get your podcasts.