AMC Theatres mobile app now accepts Dogecoin and Shiba Inu

Besides, while there is a lot of hype around Shiba Inu, it remains a meme coin with little utility. On the other hand, Bitcoin is the number one cryptocurrency, and even people who know very little about cryptocurrencies have heard about it. Bitcoin is also gaining mainstream acceptance as a global currency. For instance, several countries now accept Bitcoin as legal tender, and many more are joining the trend. AMC got the SHIB community fired up when they asked if the company should request SHIB be added as a payment option. US theatre chain AMC is considering expanding the cryptocurrencies it currently accepts, exploring adding Shiba Inu to its accepted cryptocurrencies which include Bitcoin and Dogecoin.

  • Bitcoin is also gaining mainstream acceptance as a global currency.
  • For instance, the Shiba Inu Metaverse lands are sold in Ethereum tokens.
  • While it is primarily a meme token, Shiba Inu has multiple other applications in the digital payments space.
  • The only risk when investing in Shiba Inu is that there are so many SHIB scams online, mostly on social media.
  • While Elon Musk is a big fan of Dogecoin, Shiba Inu also tends to pump whenever Musk tweets about his dogs.

With Shibarium, traders and investors get to bypass these gas fees, which is likely to drive up SHIB transaction volumes, and potentially adoption going into the future. While it is primarily a meme token, Shiba Inu has multiple other applications in the digital payments space. In fact, over 80% of the respondents declared they would like, at some point in the future to see that AMC will accept SHIB as well as Bitcoin, Ethereum, Litecoin and Dogecoin. The CEO of the company, Adam Aron, promised the company’s users to include meme tokens like DOGE and SHIB by March this year.

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Adam Aron Tweet, 15 November 2021 saying AMC will accept SHIBAMC to accept SHIB, but not everyone’s happy about it. The Central Bank of Russia to review Moscow Exchange’s proposed crypto… ECB is looking to integrate Ledger tech into the current payment…

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Tyler Winklevoss, the founder of cryptocurrency exchange Gemini, which also started accepting SHIB this week, celebrated the decision. Cinemagoers will soon be able to pay using Shiba Inu Coin after AMC CEO Adam Aron confirmed the company will begin accepting SHIB as an online payment from March 19. Many analysts believe that Shiba Inu is likely to make new highs in the foreseeable future. Another reason to invest in Shiba Inu today is that it could draw a lot of hype related to Robinhood in 2022.

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Of 150,000 votes, over 80% of participants voted in favour of including Shiba Inu. Apes Army takes this view… If people want to pay in SHIB, that’s their choice. The fact that the CEO of the company in which millions of us are shareholders actually is listening to what the Shareholders are saying should give you the warm and fuzzies. Apes Army thinks it’s great that AMC will accept SHIB for those who would like to pay that way. Etsy is no longer supporting older versions of your web browser in order to ensure that user data remains secure.

AMC started to accept payments made with other cryptocurrencies—including Bitcoin, Ethereum, and Litecoin—in November 2021 via PayPal. Now crypto enthusiasts can also pay with memecoins via Bitpay, which supports less meme-y cryptocurrencies, too. The CEO has been polling his Twitter audience how are bitcoin, cryptocurrencies or cryptoassets extensively in the past month, asking their opinion on DOGE and SHIB. Towards the end of 2021 he hinted towards his cinema’s to soon be accepting the meme coins for payments. Shiba Inu also makes for a good meme coin investment today due to hype around it as a Dogecoin killer.

  • The CEO of AMC Theatres has now made it official that customers can spend their Dogecoin and Shiba Inu coin to purchase items from March 19, 2022.
  • Hong Kong stocks opened mixed on Tuesday, with the benchmark Hang Seng Index edging 0.05% lower and investors searching for cues, as global markets continued to bleed in the…
  • Announced in September that AMC would also accept ether, bitcoin cash, and litecoin.
  • Then you just connect your crypto wallet or get an address where you can send your chosen cryptocurrency.

It went up by 48,000,000%, easily beating the likes of Bitcoin and Ethereum by a considerable margin. While Shiba Inu has been on a downtrend, it has been in sync with the broader market. Essentially, it means that once the broader market turns bullish again, Shiba Inu has the chance to do well. One of the factors likely to play in Shiba Inu’s favor is its recent entry into the Metaverse. Some analysts even expect the Metaverse to hit a market value of $8 trillion by the end of this decade. However, the Metaverse is just one of the reasons why investing in Shiba Inu could be a profitable move.

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However, Newegg is not the first commercial giant to opt a pro-crypto strategy. Recently, the largest movie theatre chain in the United States, AMC also confirmed to accept Shiba Inu payments. Just few weeks ago the AMC CEO, Adam Aron tweeted that Shiba Inu can be used for online crypto payments for movie tickets and concessions at AMC. The CEO of the world’s largest movie exhibition company, AMC Entertainment, has announced that AMC Theatres will accept two meme cryptocurrencies, dogecoin and shiba inu , in the coming weeks. In a tweet that announced the major development, it read that BitPay will be live for AMC online payments on the AMC web site by March 19, and live on our mobile apps by April 16. The AMC Theatres iOS and Android mobile apps can now accept crypto payments via an integration with bitcoin payment service provider BitPay.

Following its crypto supporter strategy, Newegg has managed a reserve a spot in the headlines including commercial news about Black Friday offers. In the month of November itself, Newegg has made multiple crypto-positive announcements, such as the incorporation of its Black Friday crypto discount. The retail giant announced a 20% discount on products paid for in cryptocurrency via BitPay, in several countries including, the UK, Australia, the UAE, and others. You think AMC Theatres should accept dogecoin and other shiba-inu cryptocurrency via Bitpay. Since he ran a twitter poll on dogecoin and another about shiba-inu in September, the CEO promised that AMC Theatres would accept DOGE or SHIB payments. Aron explained that the IT department at AMC Theatres says that “Bitpay will be live for AMC online payments” by March 19 and live on the company’s mobile apps by April 16 or a few days earlier.

amc shiba

The longer-term we look at Shiba Inu, the harder it becomes to accurately predict how much SHIB could be worth in 2025. All you need to know is that the majority of the predictions believe Shiba Inu is one of the cryptocurrencies that could 3x your money by 2025. If, up to this point, you are still unsure of whether Shiba Inu is a good investment, consider the fact that it has a lot of positive developments going on in its ecosystem. One of the big developments that the Shiba Inu team has actualized in 2022 is the launch of Shibarium.

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As of March 31, the organization claimed around 950 theaters and 10,500 screens internationally. That’s when my friend told me to always keep a bread clip when traveling. Customers at AMC Theatres could soon pay for tickets with Shiba Inu , according to its CEO, Adam Aron. I have read and understood Investing.com UK’s comment guidelines and agree to the terms described. Rumours of on-set feuds have plagued the film since production began.

  • Aside from that, he is an avid supporter of blockchain technology.
  • News and resources on digital currencies, crypto assets and crypto exchanges worldwide.
  • Adam thanked Bitpay for helping the company in making the new cryptocurrencies acceptable.
  • The AMC Theatres iOS and Android mobile apps can now accept crypto payments via an integration with bitcoin payment service provider BitPay.
  • There is also the fact that there has been an explosion of dog-themed meme coins in 2022.
  • Shiba Inu is a good investment, However all investments carry risks.

There is a lot of expectation that Robinhood could list Shiba Inu in 2022. This is a big deal because Robinhood is known to attract many American investors who don’t want to trade through the more complex exchanges. The power of Robinhood was most evident in early 2021 when it contributed to the massive rally in the price of Dogecoin, with DOGE ultimately recording gains of 12,000%.

Recently, there has been a lot of regulatory scrutiny on cryptocurrencies that have similarities to securities. Shiba Inu does not have this risk and is unlikely to face any regulatory crackdown. When you buy Shiba Inu tokens, important facts when transferring bitcoin to your bank account you are not getting a stake in any company. Shiba Inu had a market capitalization of $11.59 billion when going to press. This is tiny compared to Bitcoin, which currently has a market capitalization of $731.26 billion.

This followed a decision by Vitalik Buterin to burn the 50% of tokens that had been allocated to him by the Shiba Inu team when they launched. In fact, the Shiba Inu team launched a token burn platform in April 2022. This means SHIB tokens will get scarce over time, and going by the economics of demand and supply, Shiba Inu has the potential to become one of the best-performing meme coins going into the future. Kay is a content specialist who has a particular interest in the finance and cryptocurrency industries, among others. He is a frequent contributor to a number of finance and cryptocurrency-related websites, where he offers readers with informative and educational articles on the cryptocurrency and financial markets. Aside from that, he is an avid supporter of blockchain technology.

As part of the new revenue strategy from AMC’s CEO Adam Aron, Ticket price for Batman were hiked by $1 to make use of Batman’s how to set up cryptocurrency exchange popularity. This year, AMC Theatres chief executive Adam Aron promised the addition of Dogecoin and Shiba Inu by March 2022.

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