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As AMC Prepares to Accept Shiba Inu, CEO Talks Up Crypto Plans

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Tue, 03/08/2022 - 06:19
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Alex Dovbnya
AMC CEO Adam Aron doesn’t know how big of a role cryptocurrencies will play in the company
As AMC Prepares to Accept Shiba Inu, CEO Talks Up Crypto Plans
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During a recent interview with Fox Business, Adam Aron, CEO of movie theater giant AMC, said that his company had to “watch and see” whether or not it would be able to take advantage of embracing cryptocurrencies.

Only time will tell how big cryptocurrency is.  

As reported by U.Today, Aron recently announced that AMC would start accepting Shiba Inu and Dogecoin, the two largest meme cryptocurrencies, later this March.

The cinema chain, which operates 1,004 movie theatres in 15 countries, started accepting Bitcoin and some major altcoins in November. 

Aron says that Apple Pay, Google Pay and PayPal payments already account for roughly 50% of the total online ticketing.

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The AMC boss reiterated the company’s plan to issue its own cryptocurrency, but the plan is still up in the air.   

He notes that the regulatory framework around cryptocurrencies is changing at a rapid pace, stressing that the prominent chain is focused on complying with every existing regulatory guidance:

AMC, as a company, has always wanted to stay very far on the fight side of the law.

The movie theater chain is riding high on the success of “The Batman,” which has nabbed a $129 million domestic debut. AMC accounted for roughly a third of the superhero movie’s ticket sales.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.