“Dogecoin Killer” Shiba Inu Coming to Movie Theater Giant AMC

AMC The­atres CEO Adam Aron has con­firmed that the movie the­ater giant will add Shi­ba Inu as a pay­ment option dur­ing an earn­ings call on Monday.

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

We are now fig­ur­ing out how to take Shi­ba Inu as a cur­ren­cy. That’s the next one on our cryp­tocur­ren­cy hit parade. 

Aron said that he had seen “a tidal wave” of mes­sages about get­ting more active in the realm of cryptocurrencies.

After ini­tial­ly announc­ing that AMC would start 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 expand the list of options with Ether, Lite­coin and Bit­coin Cash.

Then, Aron ran a Twit­ter poll to find out whether or not the com­pa­ny should add Doge­coin pay­ments after becom­ing inun­dat­ed with mes­sages about the meme cryptocurrency.

After the major­i­ty of Twit­ter users vot­ed in favor of accept­ing Doge­coin, the com­pa­ny con­firmed that the meme coin would appear among avail­able pay­ment options dur­ing the first quar­ter of 2022.

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

As report­ed by U.Today, Aron pub­lished anoth­er Twit­ter poll to find out whether it was pru­dent for the movie chain to add anoth­er hit meme coin. With 153,100 users tak­ing part in the vot­ing process, a whop­ping 81.4% of par­tic­i­pants sup­port­ed such an initiative.

More crypto plans

Despite push­ing deep­er into cryp­to with more pay­ment options, Aron says that the com­pa­ny has fig­ured out ways not to hold cryp­tocur­ren­cies on its bal­ance sheet.

Because of this, the movie the­ater chain will not be exposed to addi­tion­al risks linked to its accep­tance of cryptocurrencies.

How­ev­er, AMC is also con­sid­er­ing issu­ing its own dig­i­tal coin, which the com­pa­ny might hold on its bal­ance sheet.

On top of that, the dar­ling of retail traders is con­sid­er­ing explor­ing non-fun­gi­ble tokens (NFTs).