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The CEO of AMC Entertainment, the world’s largest movie screening company, stated that his company is “expected” to accept four cryptocurrencies by the end of the year. Dogecoin (DOGE) is expected to join in the first quarter of next year, and the company is currently studying how to use Shiba Inu (SHIB) as a currency.
AMC discusses its encryption plan: including Dogecoin, Shiba Inu
AMC Entertainment Holdings (NYSE: AMC), also known as AMC Theatres, provided an update on its encryption plan during the company’s third-quarter earnings conference call on Monday.
AMC is the largest film projection company in the United States, Europe and the world. As of March 31, the company owned or operated approximately 950 theaters and 10,500 screens worldwide.
“We started accept The cryptocurrency of AMC gift cards, and is now being coded to accept cryptocurrency for online payments on our website and mobile apps,” explained Adam Aron, CEO of AMC, detailing:
As we promised, we are now accepting Bitcoin, Ethereum, Litecoin, Bitcoin Cash and others as promised by the end of next month…We think we will be able to start accepting Dogecoin in the first quarter on the 22nd, A few months later.
Before deciding to accept Dogecoin, the CEO launched a poll on Twitter, asking his fans whether they would like AMC to accept the memetic cryptocurrency. turn out”So charming“The company immediately considered accepting DOGE. “We are studying how to obtain Dogecoin,” Aron confirmed.
Regarding whether AMC will accept Shiba Inu (SHIB), Aron pointed out that in his company Preliminary announcement Regarding the acceptance of cryptocurrency, “comments about Shiba Inu are flooding.”
The CEO continues to set up another Twitter pollThis time, he asked his followers whether AMC should accept SHIB as a payment method along with Dogecoin and other previously announced cryptocurrencies.
Total out 153,100 votes, 87.6% of people said “yes”. Aron described, “Many of you voted, many of you voted yes,” and added:
We are now studying how to use shiba inu as a currency…this is the next part of our cryptocurrency hip parade.
In addition, Aron pointed out: “Although we will accept cryptocurrency, we will not keep it on our balance sheet, so we will not face increased balance sheet risk.”
The CEO also revealed that AMC is considering launching its own cryptocurrency. In addition, he confirmed that the company “is in dialogue with a number of major Hollywood film companies on the concept of a joint venture to commemorate the NFT.” [non-fungible tokens] It is related to the title of the main movie shown in our theater. “
The CEO of AMC further shared:
I just conveyed a wave of inbound news to our company and myself, we should be more active in the cryptocurrency field, and AMC has a real opportunity.
What do you think of AMC’s plan to accept cryptocurrencies, including Dogecoin and Shiba Inu? Let us know in the comments section below.
Image Source: Shutterstock, Pixabay, Wikimedia Commons
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