AMC CEO says Bitpay will support Shiba Inu - AMC wants to accept Shib in the next quarter - Altcoins

of the CEO of the world's largest film exhibition company AMC Entertainment says that the payment service provider Bitpay agreed to support the meme cryptocurrency Shiba Inu (Shib) at his request. AMC will be able to accept Shiba-Inu crypto for payments in the next few months.

AMC says Bitpay agrees to support Shiba Inu: Shib will soon be accepted at AMC for payments

AMC CEO Adam Aron announced on Monday evening that AMC can soon accept the Meme cryptocurrency Shiba Inu (Shib). AMC is the largest film exhibition company in the USA, Europe and the world. On March 31, the company had around 950 theater and 10,500 screens.

he tweeted that the crypto payment service provider Bitpay had decided to specifically support Shiba Inu because he asked for it. Therefore, AMC will be able to use Shib for online payments from cinema cards and discounts in about 60 to 120 days. Aron added that AMC Theater will be the first Bitpay client to accept Shiba Inu.

The CEO of AMC previously said that since its foundation has been found to find a way to accept Shib Twitter survey On October 29, his followers asked whether Amc Shiba Inu should accept next to Dogecoin (Doge) and other cryptocurrencies. From a total of , 87.6 % said "yes".

Last week Twittered Aron: "As promised, there are many new options to pay online at AMC. We are now accepting: drum roll, please ... Bitcoin, Ethereum, Bitcoin Cash, Litecoin. Also Apple Pay, Google Pay, PayPal.

AMC accepts PayPal, which supports cryptocurrencies

While many people expect AMC to accept the four cryptocurrencies via Bitpay, the cinema chain decided to add only PayPal as a payment option that AMC says: "Supports cryptocurrencies".

While PayPal supports cryptocurrencies - the same four that AMC offered - customers have to buy them via PayPal, since the platform does not offer the possibility of transferring coins to or from it. Before buying, customers must also sell their coins and use the proceeds for the purchase.

PayPal began to offer its users in March the opportunity to use PayPal credit either in Fiat currency or cryptocurrencies to use goods and services via a program called " to checkout with crypto . "

The payment giant made it clear: "You have to sell your crypto assets and take off the cash from your sale or use them in cash to pay for purchases," and emphasized: "You cannot use crypto-assets directly as a currency to pay goods or services."

If AMC adds Bitpay as a payment option in the future, the company can automatically accept more cryptocurrencies. Bitpay currently supports "Payment in Bitcoin ( btc ), bitcoin-bargeld ( bch ), ether ( eth ), packaged Bitcoin (WBTC), Dogecoin (doge), litecoin ( ltc ) and 5 USD-bound stablecoins (GUSD, USDC, USDP, DAI and BUSD) "on the website.

What do you think that AMC Bitpay convinces to support Shiba Inu so that it can accept Shib for payments? Let us know in the comment area below.

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