The CEO of AMC Entertainment, the world’s largest movie screening company, stated that payment service provider Bitpay has agreed to support the meme cryptocurrency shiba inu (SHIB) at his request. AMC will be able to accept payments in shiba inu cryptocurrency in the coming months.
AMC stated that Bitpay agreed to support Shiba Inu: AMC will accept SHIB payments soon
AMC CEO Adam Aron announced on Monday night that AMC will soon be able to accept the meme cryptocurrency shiba inu (SHIB). AMC is the largest film projection company in the United States, Europe and the world. As of March 31, the company owned or operated approximately 950 theaters and 10,500 screens worldwide.
He said on Twitter that Bitpay, an encrypted payment service provider, decided to support Shiba Inu in particular because he asked them to do so. Therefore, AMC will be able to use SHIB for online payment of movie tickets and discounts within approximately 60 to 120 days. Aron added that AMC Theatres will be the first Bitpay customer to accept shiba inu.
The AMC CEO has previously stated that since he established a Twitter poll On October 29, he asked his followers AMC whether they should accept shiba inu and Dogecoin (DOGE) and other cryptocurrencies.Total out 153,100 votes, 87.6% of people said “yes”.
Last week, Aron wrote on Twitter: “As promised, AMC now has many new online payment methods. We are now proud to accept: drums, please…Bitcoin, Ethereum, Bitcoin Cash, Litecoin. There are also Apple Pay, Google Pay, PayPal. Incredibly, they already account for 14% of our total online transactions! Next is Dogecoin.”
AMC accepts Paypal with “cryptocurrency support”
Although many people hope that AMC will accept four cryptocurrencies through Bitpay, the movie theater chain decided to only add Paypal as a payment option. AMC stated that it “supports cryptocurrencies.”
Although Paypal does support cryptocurrencies-the same as the four provided by AMC-customers must purchase them through Paypal because the platform does not provide the ability to transfer coins to or from them. Before buying, customers must also sell their coins and use the proceeds to make purchases.
Paypal began to provide its users with the option of using Paypal balances, whether it’s fiat currency or cryptocurrency.Use encrypted checkout. “
The payment giant clarified, “You will need to sell your crypto assets and withdraw cash proceeds from the sale or use these cash proceeds to pay for purchases,” emphasized: “You can’t directly use crypto assets as currency to pay for goods or services. .”
However, if AMC adds Bitpay as a payment option in the future, the company will automatically be able to accept more cryptocurrencies. Bitpay currently supports “Payment in Bitcoin (Bitcoin), Bitcoin Cash (Bitcoin cash), Ethereum (Ethereum), Parcel Bitcoin (WBTC), Dogecoin (DOGE), Litecoin (LTC) And 5 stablecoins (GUSD, USDC, USDP, DAI and BUSD) pegged to the U.S. dollar,” its website details.
What do you think of AMC persuading Bitpay to support shiba inu so that it can accept SHIB payments? Please let us know in the comments section below.
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