CEO of AMC Might Soon Accept Shiba Inu as a Payment Method

AMC entertainment
A couple watch a big screen outside movie theaters of the US cinema chain AMC Entertainment in Monterey Park, east of downtown Los Angeles on May 22, 2012 in California. The Dalian Wanda Group, a properties firm owned by one of China's richest men, said May 21 it would buy the US cinema chain AMC Entertainment for $2.6 billion in a sign of China's growing clout in the entertainment business. AMC is the second largest movie exhibitor in the United States and operates 346 multiplex theatres mostly in major US and Canadian cities with a total of 5,034 screens. AFP PHOTO/Frederic J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/GettyImages)

AMC Entertainment is considering adding Shiba Inu to the array of cryptocurrencies that it accepts, following high demand from the SHIBarmy.

In a Twitter poll, the company’s CEO Adam Aron asked Twitter users if AMC Entertainment should accept the meme-token for online payments. Almost 81% of voters backed the idea.

“A lot of you voted, and a lot of you voted yes, and we are now figuring out how we can take Shiba Inu as a currency,” Aron said on an earnings call Monday.

“That’s the next one on our cryptocurrency hit parade.”

The SHIBarmy consists of Shiba Inu enthusiasts and traders. The meme-based coin was inspired by another meme-coin Dogecoin. In October, SHIB soared in price and although it retreated, the digital token is still up 102% over the last month according to data from Coinbase.

The token’s price surge followed news about Robinhood considering listing the token on its exchange. However, market experts are still skeptical about SHIB since its use is limited, and some even believe that it could be a scam.

AMC will accept cryptocurrency payments by December

Before SHIB, AMC has promised to accept Bitcoin, Ether, Litecoin, and Bitcoin cash for online payments by December. Aron added that the movies chain is on a pathway to meet that deadline and that it’s encoding cryptocurrency for the website and mobile app.