AMC Considers Accepting Shiba Inu
As AMC floated the notion of embracing the Shiba Inu cryptocurrency, the meme stock met the meme coin. AMC Theatres, the world’s largest movie theater chain, is contemplating accepting the Shiba Inu cryptocurrency for ticket and concession stand transactions.
On his Twitter account, CEO Adam Aron has put up a poll to determine if the firm should accept “the Dogecoin killer.” As of 12:07 a.m. UTC, 33,079 votes have been cast, with an overwhelming 82.5 percent in favor of adding Shiba Inu.
Aron conducted a similar poll on Twitter in September to gauge his followers’ sentiment about Dogecoin, catching the attention of none other than Tesla CEO Elon Musk.
Earlier in October, the AMC CEO said that early 2022 would see the addition of support for the original meme currency. By the end of the year, Bitcoin, Ether, Litecoin, and Bitcoin Cash will be included as additional payment options. Aron states in the above tweet that his team of IT professionals is now working on this.
AMC accepts Dogecoin and other cryptocurrencies in exchange for real gift cards. Shiba Inu and Dogecoin, the two most popular meme currencies, look to be an ideal match for the film chain. The AMC stock price crashed in early 2021 as a result of rebel traders from the Reddit WallStreetBets group who rabidly purchased severely shorted companies.
In June, AMC continued to grow in popularity when Aron went viral for supposedly not wearing trousers during an interview. Shares of the movie theater company are up 1,652 percent year to date.