When AMC inquired if the firm should demand that SHIB be included as a payment method, the SHIB network erupted. The committed population reacted positively and supported the decentralized meme coin. This has swiftly grown into a thriving industry wherein SHIB users may spend at BitPay retailers.
DOGE is now much closer to $1 than it was at the beginning of 2021. The coin is now trading at around $0.13. This would need to increase by more than 669 % to hit the $1 mark.
If the DOGE value reaches $1, the cryptocurrency’s entire market capitalization would reach $131 billion. The existing market capitalization of DOGE is $17 billion. In the future, the asset will have a good trajectory.
AMC Theatres to Accept Dogecoin Payments
AMC Theatres will begin taking transactions in two popular meme cryptocurrencies. This will be dogecoin as well as Shiba Inu, in March, according to Adam Aron, CEO of AMC Entertainment Holdings.
Aron liquidated another $7.1 million worth of stock in the movie theater behemoth this week, claiming to be done with the stock. Since November, he has traded more than $40 million in shares.
AMC Entertainment, also known as AMC Theatres, is indeed the biggest movie theater chain in the United States, Europe, and the rest of the globe. Across 950 theaters and 10,500 screens are owned or operated by corporations around the world.
Aron said that AMC Theatres’ IT staff has stated that Bitpay would be available for AMC electronic transactions by March 19. They’ll go live on the company’s smartphone application by April 16 or a couple of days sooner.
Owners put up a Twitter survey regarding dogecoin in September last year and a poll regarding Shiba Inu the following month. This is the reason why the CEO has assured that the cryptocurrency industry will and AMC Theatres will take DOGE and SHIB transactions.
Shiba Inu is Supported by Bitpay
Aron then declared in November of last year that he had persuaded Bitpay. This is a cryptocurrency payment platform that will be endorsing Shiba Inu. He also stated that he will be Bitpay’s first customer to adopt SHIB. After Bitpay announced support for the Shiba Inu cryptocurrency in November, e-commerce behemoth Newegg swiftly began taking SHIB as a form of payment.
The year before, Aron revealed that AMC Theatres will accept four cryptocurrencies: bitcoin, ether, litecoin, as well as bitcoin cash. Clients must use their Paypal credentials to pay with all these coins.
BitPay is the leading Bitcoin and crypto settlement system provider in the world. They stated today that, owing to high demand, retailers would be able to take Shiba Inu payments instantly. Customers will be able to purchase, keep, and trade SHIB via the BitPay Wallet app.
Despite the fact that it began as a meme, the powerful SHIBArmy, as well as AMC and Newegg’s responses, propelled SHIB towards the top of the list of currencies to include. Following tracking from zero in May by market capitalization on CoinMarketCap, SHIB has raised to #15 in prominence, just in preparation for holidays sales.
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