AMC Theatre is considering adding Shiba Inu as a payment option for its customers. The movie giant had earlier carried out a poll, asking people if they would love the possibility of paying with Bitcoin.
Following the survey, the company is now in the process of updating its technical infrastructure to enable consumers to pay for their movie tickets using Dogecoin (DOGE), Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH). AMC also said it will add Shiba Inu as another payment option.
Chief Executive Officer of AMC Theatre, in a Twitter post, asked users whether they will be interested in paying for their tickets using Shiba Inu. There has been an overwhelming response, with 85% of the users saying “yes”. At the time of writing, 98,502 users have taken part in the online survey.
There has been increasing interest in the use of cryptocurrency for payments in the Theatre chain. Earlier this month, the company made provisions for its customers to buy digital gift cards using Dogecoin and other crypto assets via BitPay wallet.
And last month, Aron hinted in a CNBC interview that it is considering minting movie tickets as non-fungible tokens (NFTs).
The Shiba Inu token has been upscale since the beginning of the year. The meme-based token became the ninth-largest cryptocurrency in the world earlier this week, after an impressive bull run.
Impressive Rise For Shiba Inu
The crypto asset has already overtaken Dogecoin in the log, after surpassing 140,000 daily transactions. This is slightly lower than its all-time daily transactions of 172,411 achieved in May this year.
As a result of the massive Bull Run, the Shinu Inu ecosystem has expanded into the decentralized exchange (DEX), ShibaSwap.
According to data from DeFi Liami, the total value locked (TVL) on ShibaSWap has hit $537.92 million. In the past 24 hours, $236 million worth of tokens has exchanged hands, with about 29 coins currently listed on ShibaSwap.
Apart from Shiba Inu, its main token, it also has two additional tokens – Doge Killer and Bone ShibaSwap.
The former is used to provide trading liquidity on the DEX while the latter is used when voting on governance protocols set by the developers.