Shiba Inu Imajin No Asking
AMC will consider shiba Inu as a currency following a Twitter vote, CEO Adam Aron announced Monday.
He stated that the chain of movie theaters is now ready to accept bitcoin and other cryptocurrencies and was working on dogecoin during an earnings call.
Aron confirmed that AMC is interested in launching its own cryptocurrency, and is currently talking to third parties about it.
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After listening to the wishes of SHIBarmy, AMC Entertainment is considering adding shiba Inu to its list of cryptocurrency it will accept.
A recent Twitter poll asked CEO Adam Aron whether the movie theatre chain should consider using the meme token to pay online. 81% supported the idea.
Aron stated that a large number of people voted and that a majority of you voted yes. He also said that they are currently figuring out how to take the shiba Inu currency.
"That's the next one in our cryptocurrency hit parade."
The "SHIBarmy", fervent fans shiba-inu, helped the dogecoin-inspired currency skyrocket in price around the time the Twitter poll was live. According to Coinbase data, although the price has fallen, it is still up 102% in the last month.
Its popularity was fueled by events such as the overwhelming support for Robinhood's petition asking them to list the token on their retail trading platform. Market observers are wary of shiba Inu due to its limited use and potential scam.
Aron, a social-media expert, has taken AMC's fame and status as a meme stock to heart. He appealed directly at the retail traders who helped propel it higher during the pandemic.
The company has already committed to accepting bitcoin, ethereum and litecoin for online payments by December 31st. Aron stated that the chain is on track to meet this deadline and that it is currently encoding cryptocurrency for its website and mobile app.
He stated that he believes that we will be able launch dogecoin acceptance in the first quarter of 222. This is just a few short months away - again on our website, and via our smartphone app.
Dogecoin has been listed by the US's largest cinema chain as a payment option for AMC gift certificates.
Aron also updated us on the possibility of AMC issuing its own cryptocurrency. He said that AMC has been "exploring" with third parties whether this is possible.
According to the CEO, the company has found ways to keep cryptocurrency off its balance sheet. He stated that the company is not taking on increased risk due to all of the potential acceptance of cryptocurrency.
Social-media-savvy CEO, AMC, has taken on AMC's status as a meme stock. He appealed directly at retail traders who helped propel it higher during the pandemic. AMC shares rose more than 10% to $40.35 Tuesday.