When Shiba Inu Will Be Added to AMC’s Crypto Payment Lineup

Shiba Inu fans have a lot of sway in the cryptocurrency market. They have made it onto the radar of AMC Entertainment CEO Adam Aron and won him over. Not only will the movie chain be adding the meme coin to its payment lineup but Aron has prompted blockchain tech company BitPay to add support support Shiba Inu too.

Thanks to BitPay’s tech for sending and receiving crypto payments, moviegoers will be able to pay with SHIB to pay for movie tickets and concessions. The milestones continue, as Aron says that AMC will be the maiden BitPay client to accept SHIB payments.

Shiba Inu holders who want to know when they can begin using their SHIB at AMC won’t have to wait too long. Aron revealed the timing of the integration too, saying it would be in 60-120 days and exclaiming,

“This is a Wow!”

 

Attention #SHIBArmy: Our friends @Bitpay decided to support Shiba Inu specifically because I asked, so AMC can take Shiba Inu for online payments of movie tickets and concessions. @AMCTheatres to be the first @bitpay client to accept Shiba Inu. Timing 60-120 days. This is a WOW! pic.twitter.com/F54i22hHDv

— Adam Aron (@CEOAdam) November 15, 2021

We love $SHIB, and we love movies. #PayInShibAtTheMovies coming soon to @AMCTheatres!

Thank you also to @CEOAdam and @BitPay, we are excited to have you form part of the #ShibArmy family! pic.twitter.com/AwIUTcohRH

— Shib (@Shibtoken) November 16, 2021

AMC’s Crypto Push

AMC first caught crypto fever when it announced on its second-quarter earnings call in August that it would be adding bitcoin payments. The company expanded its list to include a handful of other coins before the overwhelming response from the meme coin community convinced Aron to move in that direction.

AMC has made good on its crypto promises and is now accepting bitcoin, Ethereum, Bitcoin Cash and Litecoin payments. They are focused on adding Dogecoin next, which Aron has reportedly said will happen in the next 90 days. Now now Shiba Inu has muscled its way into the pipeline, while AMC has provided a model for other companies to potentially emulate.

Shiba Inu Price

The Shiba Inu price may be off about 40% from its peak, but it has been a rock star token this year, having muscled its way into the No. 11 spot in the market cap rankings. As the payments use case for SHIB grows stronger, thanks to companies like AMC, the token could be more in demand among users.

In addition, AMC might not be a direct crypto play, but it is certainly has shown a willingness to go down the cryptocurrency rabbit hole. In fact, there also is a movement on Twitter to move AMC toward issuing tokenized NFTs in an attempt to shake out the shorts.