AMC Theatres CEO Reportedly Considering Shiba Inu as Ticket Payment Option

By Mayowa Adebajo
Published October 30, 2021 Updated October 30, 2021
Best Buy In

Exchanges

Wallet

AMC Theatres is on the verge of integrating the option for customers to pay for movie tickets using Bitcoin

AMC Theatres CEO Reportedly Considering Shiba Inu as Ticket Payment Option

By Mayowa Adebajo
Published October 30, 2021 Updated October 30, 2021

AMC Theatres is on the verge of integrating the option for customers to pay for movie tickets using Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Dogecoin (DOGE), into its technical infrastructure. But that’s not all.

In the early hours of Friday, company CEO, Adam Aron took to his Twitter page to ask if users would be potentially interested in paying with Shiba Inu as well. At the time of writing, more than 98,000 Twitter users had already taken part in the poll, with approximately 86% of voters indicating their interest.

The prominent AMC theatres chain has been showing serious interest in crypto in recent times. Just a week ago, the CEO was discussing the potential of issuing a company-specific crypto. Earlier this month as well, AMC enabled its users to purchase digital gift cards via Dogecoin and other cryptocurrencies with the use of BitPay wallet. Last month whole speaking in an interview with CNBC, Aron also expressed interest in minting commemorative movie tickets as NFTs.

Meanwhile, Shiba Inu overtook Dogecoin on Friday, to become the world’s ninth-largest cryptocurrency in terms of market capitalization. Whereas,  Etherscan also revealed the daily number of Shiba Inu transactions has surpassed 140,000, just a little below its all-time high of 172,411 daily transactions that was achieved back in n May.

Following the Shiba Inu’s recent record run-up, its ecosystem has now expanded to include ShibaSwap, a decentralized exchange DEX. Data from defillama says that total value locked on ShibaSwap amounts to $537.92 million. And according to CoinGecko, there are currently no fewer than 29 coins listed on ShibaSwap, with $236 million worth of coins or thereabouts, changing hands in the last 24 hours.

Now, other than its foundational token, Shiba Inu, ShibaSwap also features two more tokens. There is the Bone ShibaSwap, which is used in voting on governance protocols put forward by developers. Then there’s the Doge Killer, used in providing trading liquidity on the DEX.

advertisement

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Mayowa Adebajo
146 Articles
Mayowa Adebajo is a fintech enthusiast with a decade-long experience writing news stories and creating content generally. When he's not writing, he's either talking politics or discussing sports.

Loading Next Story