Crypto

Shiba Inu (SHIB) Will Be Present in Famous Cinemas in the US

SHIBA INU (SHIB) AMC

The CEO of AMC Entertainment, the world’s largest film company, said payment service Bitpay has agreed to support the Shiba Inu (SHIB) crypto asset at his request. AMC will accept payments from SHIB in the coming months.

Shiba Inu is coming to AMC Cinema
This was announced by AMC CEO Adam Aron on Monday (11/15/2021). AMC is the largest film company in the United States, Europe, and the world. The company operates 950 theaters and 10,500 cinemas worldwide.

Aron tweeted Bitpay agreeing to his SHIB support request. Therefore, AMC will receive SHIB for movie tickets and food and beverage payments within 120 days.

AMC Theater is the first Bitpay client to accept SHIB.

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Aron revealed that he had been looking for a way to get SHIB since he conducted a Twitter survey in late October. Followers chose between SHIB and Dogecoin (DOGE), which received 153,100 votes, 87% of the total respondents.

Previously, Aron said that AMC now has a new online payment method. AMC accepts Bitcoin, Ethereum, Bitcoin Cash, Litecoin as well as Apple Pay, Google Pay, and Paypal.

Transactions using this method account for 14% of all online transactions. At the time, Aron wanted DOGE or SHIB to be the next approved cryptocurrency.

Paypal supports crypto assets, but Paypal does not provide inbound and outbound transfers, so customers must make purchases through Paypal. Customers need to sell cryptocurrencies and use the profits to make purchases.

Paypal has started offering the option to use your Paypal balance in fiat or cryptocurrency to pay for services and goods through a program called Buy With Crypto.

The payment giant explains that users need to sell crypto assets and withdraw cash from those sales to use them for purchases.

PayPal also added that “crypto-assets cannot be used directly as a currency for payment for goods or services.”

If AMC adds Bitpay as a payment option, the cinema chain will be able to accommodate more crypto assets.

Bitpay currently supports Bitcoin (BTC), Bitcoin ​​Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (WBTC), Dogecoin (DOGE), Litecoin (LTC), and the stable coins GUSD, USDC, USDP, DAI, and BUSD.

Source: https://news.bitcoin.com/amc-ceo-bitpay-will-support-shiba-inu-amc-accept-shib/

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