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Movie Giant AMC Considering Accepting Shiba Inu

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Fri, 10/29/2021 - 12:48
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Alex Dovbnya
The meme stock is meeting the meme coin as AMC floats the idea of accepting the Shiba Inu cryptocurrency
Movie Giant AMC Considering Accepting Shiba Inu
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AMC Theatres, the number one movie theater chain in the world, is considering adding the Shiba Inu cryptocurrency as a means of payment for tickets and concession stand purchases.

CEO Adam Aron has set up a poll on his Twitter account, asking if the company should accept "the Dogecoin killer."

As of 12:07 a.m. UTC, 33,079 votes have already been cast, with a whopping 82.5% of them choosing to add Shiba Inu.

Aron ran a similar poll on Twitter to take the pulse of his followers regarding Dogecoin in September, attracting the attention of none other than Tesla boss Elon Musk.

Earlier this October, the AMC CEO announced that support for the original meme coin will be added in early 2022.

Bitcoin, Ether, Litecoin and Bitcoin Cash are going to be added as new payment methods by the end of the year. In the aforementioned tweet, Aron says that his team of IT specialists is currently working on this. 

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Shiba Inu Generates 1 Million Tweets as Price Keeps Hitting Fresh Highs
 AMC is already accepting Dogecoin and other cryptocurrencies for physical gift cards.

When a meme meet a meme

Shiba Inu and Dogecoin, the two biggest meme coins, appear to be a perfect fit for the movie chain. AMC stock went haywire in early 2021 due to rebel traders from the WallStreetBets group on Reddit who rabidly bought heavily shorted stocks.

In June, AMC kept soaring when Aron scored a viral moment after allegedly not wearing pants during an interview.

The movie chain's shares are up 1,652% year-to-date.

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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.