Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook 
Samsung Eyes Up to $1.14 Billion Investment in AI Startup Mistral 
Japan Yen Slides Past 163 as Middle East Tensions Lift US Dollar, Oil Prices 
US Dollar Holds Near One-Week High as Middle East Tensions and Oil Prices Drive Market Sentiment 
Asian Stocks Rally on AI Spending Optimism as Middle East Tensions Push Oil to Six-Week High 
Wistron Opens $700M Texas AI Factory to Build Nvidia Superchips in U.S. 
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock 
Domino’s Weighs Appeal After Australian Court Rules Workers Were Misled on Pay 
Gold Climbs Above $4,000 as Middle East Tensions and Fed Outlook Drive Safe-Haven Demand 
Nasdaq Drops as AI Earnings, Oil Surge and Middle East Tensions Weigh on Wall Street 
Australia Jobs Surge in June Strengthens Case for More RBA Rate Hikes 
Australia ASIC Tightens Auditor Oversight After KPMG Leak Scandal 
Wistron Opens $700M Texas AI Factory to Build Nvidia GB300 Superchips 
US Stock Futures Rise as AI Optimism Lifts Tech, 3M Jumps on Strong Earnings 
Asian Currencies Hold Steady as Middle East Tensions Boost US Dollar, Oil Concerns 
Pakistan Seeks $10 Billion U.S. Exchange Stabilization Fund to Boost Forex Reserves 
European Stocks Slip as Earnings, UK Inflation and ECB Decision Keep Investors on Edge 
AMC Theaters is reportedly analyzing how it can add Shiba Inu to its list of accepted cryptocurrency payments. This information was said to have been revealed by the company’s chief executive officer, Adam Aron.
AMC Theaters already declared it would be accepting Bitcoin, Litecoin, Ethereum, and Dogecoin for ticket purchases and more. Now it seems to be working on ways to allow payments using Shiba Inu as well. This digital currency is gaining more attention and popularity today, so this is probably one reason for the consideration.
Then again, AMC has not officially confirmed Shiba Inu yet as it is still in the stage of examining how the company can accommodate it for payments on the purchase of goods and services. Observes stated that the company obviously has big ambitions in the cryptocurrency business as its recent moves show just how much it is investing in crypto.
It was noted that the entertainment firm also partnered with parties that will help it achieve its goal in the digital business space. In fact, Aron previously said that AMC is doing research on how it can evolve in the way it accepts crypto. And this is not all, as the company chief further shared they may launch their own digital currency and collaborate with theaters to offer non-fungible tokens for blockbuster film premieres.
“I can confirm today that we have been exploring with third parties over the past few months both how we can accept cryptocurrency and if it is feasible for AMC to consider even launching our own cryptocurrency,” The Verge quoted Aron as saying. “Similarly, I can confirm to you today that we are now in conversation with multiple major Hollywood studios about the concept of joint venturing commemorative NFTs related to major film titles that show in our theaters.”
At any rate, AMC has broad plans for NFTs and it was said to be in talks with Hollywood studios so it can release non-fungible tokens. According to Reuters, the company declared its plans for digital assets after it exceeded estimates as people start to watch movies in cinemas again.
If the plans proceed, fans may see many NFTs featuring their favorite movies and AMC will be releasing them. Since it already has crypto payment options, transactions will surely be a breeze even for the purchase of digital tokens.
