The CEO of the world’s largest movie exhibition company, AMC Entertainment, says that his company is “on track” to accept four cryptocurrencies by year-end. Dogecoin (DOGE) is expected to be added in the first quarter of next year, and the company is currently figuring out how to take shiba inu (SHIB) as a currency.AMC Discusses Its Crypto Plans: Dogecoin, Shiba Inu Included
AMC Entertainment Holdings (NYSE: AMC), aka AMC Theatres, provided an update of its crypto plans during the company’s Q3 earnings call Monday.
AMC is the largest movie exhibition company in the U.S., Europe, and the world. As of March 31, the company owned or operated approximately 950 theaters and 10,500 screens globally.
“We started accepting cryptocurrency for AMC gift cards and are encoding right now to accept cryptocurrency for online payments on our website and mobile app,” AMC CEO Adam Aron explained, elaborating:We are on track right now to accept, as we promised, bitcoin, ethereum, litecoin, bitcoin cash and others prior to year-end next month … We think we’ll be able to launch the acceptance of dogecoin in the first quarter of ’22, just a few months from now.
Before deciding to accept dogecoin, the CEO set up a Twitter poll asking his followers whether they wanted AMC to accept the meme cryptocurrency. The outcome was “so fascinating” that the company immediately looked into accepting DOGE. “We’re in the process of figuring out how to take dogecoin,” Aron confirmed.
Regarding whether AMC will accept shiba inu (SHIB), Aron noted that after his company’s initial announcement about accepting cryptocurrencies, “the flood of commentary came in about shiba inu.”
The CEO proceeded to set up another Twitter poll. This time he asked his followers whether AMC should accept SHIB as a means of payment alongside dogecoin and other cryptoc...