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AMC Entertainment Allows Consumers To Pay Online With Bitcoin For Movie Tickets

AMC Entertainment is allowing consumers to pay online with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE) for movie tickets.

It has been reported that in a Twitter post last Friday, Adam Aron, the company's CEO, asked if users would be potentially interested in paying with Shiba Inu as well. Then, 97,582 Twitter users had already taken part in the poll, with approximately 85% of voters choosing "Yes."

However, the iconic theatre chain has taken a growing interest in crypto as of late. In the previous week, its CEO discussed the possibility of issuing a company-specific cryptocurrency. Earlier this month, AMC enabled its customers to purchase digital gift cards via Dogecoin and other cryptocurrencies using the BitPay wallet.

Back in September, Aron expressed interest in minting commemorative movie tickets as non-fungible tokens, or NFTs, during a CNBC interview. On Friday, Shiba Inu overtook Dogecoin to become the world's ninth-largest cryptocurrency by market capitalization.

The report said that according to Etherscan, the daily number of Shiba Inu transactions has surpassed 140,000, just shy of its all-time high of 172,411 daily transactions achieved in May.

Likewise, in light of a record run-up, the Shiba Inu ecosystem has expanded to include ShibaSwap, a decentralized exchange (DEX). Total value locked (TVL) on ShibaSwap amounts to $537.92 million based on data from Defi Llama.

Thus, Bone ShibaSwap is used to vote on governance protocols put forth by developers, while Doge Killer is used to providing trading liquidity on the DEX.

Source: Cointelegraph



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