Dogecoin’s rival Shiba Inu may soon be accepted as a form of payment at a big-box movie theater chain.
AMC CEO Adam Aron said the company is exploring how to accept Shiba Inu, in addition to top cryptocurrencies such as Dogecoin and Bitcoin, according to a report by The Verge.
Bitcoin should be accepted before the end of the year, while Dogecoin is expected to be during the first quarter of next year. Ethereum, Litecoin and Bitcoin Cash is also in the works.
AMC is also toying with the idea of launching its own cryptocurrency, the report said.
Last month, Aron tweeted a poll on whether or not AMC should accept Shiba Inu — a whopping 81.4% said yes.
Currently, Shiba Inu has a market capitalization of $30.4 billion and a price tag of $0.00005553, according to real time data tracked by CoinMarketCap.
What is Shiba Inu coin?
Shiba Inu is a cryptocurrency experiment in decentralized community building, according to Crypto.com. It’s inspired to be similar to Dogecoin.
How to buy Shiba Inu coin in the U.S.
Shiba Inu coin is available to purchase on Crypto.com and eToro.
Coinbase — one of the most popular cryptocurrency trading platforms — also now supports Shiba Inu. If you sign up for a regular Coinbase account, you will also receive $5 worth of bitcoin for free upon verification of ID.
What is cryptocurrency?
Cryptocurrency is a digital asset designed to be used over the internet, according to Coinbase. It’s decentralized, meaning it isn’t controlled by the government or any other central authority such as a bank.
If you’re interested in investing in other cryptocurrencies such as Dogecoin, Bitcoin, Ethereum and Tether, here are some options to get you started:
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