New Poll Results: Should AMC Theatres Support Shiba Inu Payment Option For Ticket Purchases?

Initial results are in for a poll issued by AMC Entertainment Holdings Inc AMC CEO Adam Aron on Twitter on Friday, asking people if the theater chain should add Shiba Inu SHIB/USD coin to the list of cryptocurrencies the company will soon accept as payment.

As of Sunday morning, 86.8 percent were in favor of AMC Theatres accepting SHIB.

Aron posted the tweet after the crypto coin's price surged due to crypto whales and retail traders.  

On Friday, It outperformed Dogecoin DOGE/USD to become the world's ninth-largest cryptocurrency by market capitalization.

The Shiba Inu ecosystem has expanded to include ShibaSwap, a decentralized exchange, or DEX. The total value locked, or TVL, on ShibaSwap amounts to $537.92 million based on data from Defi Llama. 

The entertainment firm is already preparing itself for consumers to pay for movie tickets in Bitcoin BTC/USD, Ethereum ETH/USD, Litecoin CRYPTO: LTC), and Dogecoin.

Last week, the company announced that it is exploring issuing its own cryptocurrency in the future. "There are a lot of reasons why AMC could be a successful issuer of cryptocurrency as well as a redeemer of cryptocurrency," Aron said during an interview.

AMC has already enabled its customer to purchase digital gift cards via Dogecoin and other cryptocurrencies using the BitPay wallet.

In Sept, Aron announced that the movie theater chain would also accept several other cryptocurrencies for payment.

AMC Entertainment's year-to-date gains stand at an impressive 1828.3% as the company continues to see high interest from retail investors.

Related Link: AMC Entertainment Stock Breaks Through This Pattern: Is It A Trap?

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsTop StoriesMarketsGeneralAdam AronAMCBitcoincrypto-currencydogecoinEthereumLitecoinShiba Inu
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!