Nigerianwonder
Superstar
One thing about this AMC and Shib thing to break it down even further.
Ok lets say that a movie ticket cost $15. Been a long time since I been to the theatres and I had the A-List subscription before anyways which was like 20 or 22 bucks a month and 3 movies a week. So I'm not too familiar with what ticket prices are these days anyways. So AMC accepts SHIB for movie tickets, $15 worth. They have no guarantee that the price of SHIB will remain stable or go up. So those $15 might be worth $14 the next day or who knows what price. Or could be worth $16 and the consumer lost a dollar and they gained one. But AMC has expenses to pay themselves such as payroll and supplies. Imagine you work for AMC and they tell you that they gotta cut your pay cuz SHIB went down in price.
Coin goes down in price and they not making as much revenue as before so they gotta cut costs and it could affect the stock. Don't know if they willing to take that risk.
That's not how it works. Companies accepting crypto payments is a bit of a gimmick. There is no risk to the Companies and vendors cause it gets converted to cash instantly when you purchase it. They don't actually hold your shib, doge or whatever you paid with cause the prices are too volatile.
and the more popular it becomes the more valuable. shyt it could be a stable coin value when the supply starts shrinking too. Just a realm of possibility. Yes they are burning Shib.
