AMC will accept payments in Shiba Inu
AMC will accept payments in Shiba Inu

AMC will accept payments in Shiba Inu

By Vincenzo Cacioppoli - 16 Nov 2021

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The CEO of the largest chain of cinemas and theatres in the US and around the world announced on Monday that AMC theatres will soon be able to be accessed using the cryptocurrency Shiba Inu (SHIB), which is accepted as a payment system.

Shiba Inu among payments accepted by AMC

In a tweet on his profile, Adam Aron said he had specifically asked his digital payments partner BitPay to support the famous meme coin in its circuit. Within 60-120 days, it will therefore be possible to make payments in over 900 theatres and more than 10,000 cinemas in the US.

This should be the first time Shiba Inu has been accepted in an electronic payment circuit for goods and services. The decision to include Shibu was determined by the result of a survey carried out by the company, which asked its users whether they would like cryptocurrency payments: 87.6% said yes.

It is likely that Shiba’s rival, the Dogecoin meme coin beloved of Tesla CEO Elon Musk, will soon be included as a form of payment.

AMC Shiba Inu
AMC will accept Shiba Inu

Cryptocurrencies for payments

The large American cinema chain is not the only one accepting cryptocurrencies as a form of payment. PayPal, the digital payments giant, has long supported the four major cryptocurrencies, Bitcoin, Ethereum, Litecoin and Bitcoin Cash, in its circuit.

AT&T, the US telecommunications giant, was the first mobile operator to accept cryptocurrency payments in 2019. It does so through BitPay by allowing payment in Bitcoin and Ethereum. 

Starbucks, the large American coffee chain, has for some months now closed a deal with digital asset payments app Bakkt to allow payment at its stores with cryptocurrencies.

Last summer, the large luxury hotel and resort chain Pavillon announced that it was the first tourism company to accept cryptocurrency payments at its properties. 

Expedia, the online travel booking giant announced a few weeks ago that it will accept Bitcoin payments through a partnership with online booking platform Travala.

For its part, Microsoft has been accepting payment in Bitcoin for some of its games and software for years. Other retail giants such as Home Depot, Rakuten, Whole Foods and Overstock also accept Bitcoin payments.

Tesla, on the other hand, after announcing in March that it would accept Bitcoin payments for its cars, has since denied this possibility, despite the fact that the company has spent $1.5 billion on Bitcoin.

Vincenzo Cacioppoli

Vincenzo was born in Genova but lived most of his life in Milan. He has a degree in political science. He is a journalist, blogger, writer, and marketing and digital advertising expert. After a long experience in traditional marketing, he started working with the web and digital advertising in 2011, creating a company called Le enfants. Passionate about the web and innovation, in 2018 he started exploring the topics related to blockchain technology and cryptocurrencies. Independent cryptocurrency trader since March 2018, he now collaborates with companies in the sector as a content marketing specialist. In his blog., he has long been primarily focused on blockchain, which he considers to be the greatest technological innovation after the Internet. His first book about blockchain and fintech is scheduled for release in November.

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