As cryptocurrency becomes more popular retail companies are beginning to open their doors to accepting it as payment. AMC Holdings Inc. is debating whether to allow customers to pay online using Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE), Currently AMC Entertainment is in the process of updating its technical infrastructure. Also, AMC Entertainment is one of those companies considering accepting Shiba Inu as payment.
AMC Entertainment movie theater chain is headquartered in Leawood, Kansas, and the largest movie theater chain in the world. Recently Adam Aron, CEO of the company, tweeted early Friday morning that he was wondering if users would also be interested in using Shiba Inu for payment services. Most voters chose “Yes” in the poll with hundred of thousand of Twitter followers taking part in the survey. AMC has become extremely interested in cryptocurrency. They announced earlier this month that customers can purchase a digital gift cards for cryptocurrencies using the BitPay wallet.
TWITTER POLL #2: As you know, you can now purchase AMC gift cards using cryptocurrency, and our IT group is writing code so that soon we can accept online payments in Bitcoin, Ethereum, Litecoin and Dogecoin among others. Should we strive to take Shiba Inu too?
— Adam Aron (@CEOAdam) October 29, 2021
At the time of writing, Shiba Inu price action has seen strong performance in October. After a series of higher highs and lows over the past weeks, a new all-time high was set at $0.0000885 on the 27th of October and retested a day later.
What followed was a strong retracement, with support found at $0.00006. After strong volatility, both ways during the following 24 hours, the support was retested, while a new lower high was set at $0.000077. Since then, the Shiba Inu price action has steadily declined again. Likely we will see the $0.00006 mark tested again later today. If the support holds, SHIB/USD is set for another push higher next week.
SHIB is considered the “DOGECOIN KILLER,” according to SHIBA INU, and they plan to list it on their own decentralized exchange.
