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Payment option of AMC Movie Theater will now be paid through Shiba Inu too!

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US movie hall chain AMC Theaters is looking to expand payment options, which could expand its crypto portfolio. Adam Aaron, CEO of AMC Theaters, posted a poll on Twitter asking whether the Shiba Inu should be valid as a payment option for providing movie tickets and other services in the state. The development came about a month after the movie theater chain implemented Dogecoin payments. In the crypto space, both Shiba Inu and Dodgecoin are pitted against each other. DodgeCoin, backed by Elon Musk, is significantly more valuable than its “copycat”, the Shiba Inu token, but SHIB has seen a much higher growth rate in recent times.

Aron’s tweet has garnered over 18,000 likes since being posted on October 29, giving people four options to choose from. The first of the four options, “Yes Shiba Inu for Sure” was chosen by 81 percent of the people. A total of 144,152 people have participated in the voting so far.

However, the comments section under Aaron’s tweet appeared to be somewhat divided. While several comments on the post showed excitement among Shiba Inu-fans. Some called it a “pump and dump” token, noting that the cryptocurrency currently lacks stability and could create an unbalanced environment for ticket-buyers.

The Shiba Inu crypto-coin was created in August 2020 by an unnamed creator “Ryoshi”, and was marketed as the Dodgecoin killer. Modeled after DodgeCoin, the Shiba Inu’s mascot is modeled on a cartoon image of a Japanese Shiba Inu dog.
Watcher Guru reported that on October 25, the Shiba Inu coin registered an increase of 50 percent and became the 11th largest cryptocurrency coin by market value. The cryptocurrency has recorded steady gains since then.

According to the Gadgets 360 price tracker, the Shiba Inu token is currently priced at $0.000071 (approximately Rs.0.0053).
For now it is unclear whether AMC Theaters will accept the Shiba Inu as a payment option. The theater chain already accepts bitcoin, ethereum, litecoin and dogecoin payments.




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PayPal, Venmo and CashApp simplify cryptocurrency for beginners

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Simple crypto-buying features on familiar payment apps could attract more people to the world of cryptocurrency, analysts say.

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If you find cryptocurrency intimidating, payment apps want to help. Venmo, PayPal and Cash App have added cryptocurrency purchasing to their popular payment services, expanding the reach of Bitcoin, Ether and other digital money to investors who may be daunted by jargony exchanges and a multitude of digital wallets. That convenience, however, comes at a cost that can eat away at returns.

Payment apps are popular because they make it simple for people to shop online using their phones or split checks with friends. The apps are also meant to be fun, with some featuring emojis and digital stickers decorating transaction notes. The services are so widespread that even President Joe Biden reportedly uses Venmo to send gifts to his grandchildren.

The apps also bring familiarity to buying cryptocurrency, a process that can present a psychological hurdle for some potential investors because exchanges require separate accounts and often have complex registration and transaction processes. The payment apps also remove the need to understand digital wallets, a subfield of crypto that can quickly become its own research topic.

The convenience of buying cryptocurrency on payment apps, however, comes with trade-offs. Venmo, PayPal and Cash App lock you into a transaction fee that might be cheaper if you comparison-shopped at more than one exchange. And unlike exchanges, which let you move crypto, PayPal and Venmo hang on to it unless you want to sell it through the same app.

Despite their limitations, the availability of cryptocurrency on payment apps may help the public get comfortable with financial assets that’ve been cloaked in esoteric math and that are popularly associated with illegal online activities. (A new Bitcoin-linked ETF that started trading last month will also help expand acceptance of digital money, analysts say.)

“It’s a great training wheels experience,” said David Siemer, CEO of Wave Financial, an asset management firm that focuses on cryptocurrency.

Venmo and its parent PayPal, which was co-founded by crypto enthusiast Elon Musk, offer Bitcoin, Ether and other forms of cryptocurrency. Cash App, owned by Square, supports only Bitcoin, the biggest and most widely known cryptocurrency. (Square is run by Jack Dorsey, another cryptocurrency promoter and the chief executive of Twitter.)

PayPal and Square, both publicly traded companies, didn’t provide comment for this story because they were about to release their quarterly earnings reports, which legally bars them from talking to the media.

Cryptocurrency has expanded in popularity over the last decade. Ten years ago, when Bitcoin — the original cryptocurrency — traded at about $15, digital coins were widely seen as the currency of online drug purchases. Now Bitcoin is trading at around $63,000. On Monday, Green Bay Packers quarterback Aaron Rodgers announced he would take a portion of his salary in Bitcoin through Cash App. The currency is accepted as payment by AT&T and the Dallas Mavericks, and you can also purchase Amazon, Delta and DoorDash gift cards with Bitcoin. Facebook is trying to launch a cryptocurrency, diem, along with a consortium of partners. El Salvador embraced Bitcoin as a national currency, though its adoption has been bumpy.

Bitcoin and other cryptocurrencies are now widely available at trading websites and through stock trading apps like Robinhood. ATMs handling cryptocurrency have popped up around the world, though they tend to charge hefty fees. Coinstar machines, which let customers turn spare change into gift cards at retailers like Walmart, can also dispense Bitcoin through a partnership with Coinme. Debit cards backed by cryptocurrency are available through companies including Coinbase and BitPay.

Despite the growing acceptance, cryptocurrency services in payment apps are best thought of as introductory investment platforms, analysts say, where beginners can buy crypto and get accustomed to its volatility. Serious investors, however, will likely find them limited compared with dedicated cryptocurrency exchanges, which also allow balances to be loaned to generate returns.

Exchanges like BlockFi or Celsius, or peer-to-peer lending systems, like LendaBit and BtcPop, let cryptocurrency investors lend their holdings to the exchange or other users for a fee. The practice isn’t without its risks; crypto lending raises unanswered regulatory questions, and the Securities and Exchange Commission is investigating a small number of exchanges. You can also compare rates between different exchanges and use them to trade one kind of cryptocurrency for another.

Still, Square has seen mounting user interest since it introduced features for buying and selling Bitcoin on Cash App in 2018. The company, known primarily for helping merchants process card payments, earned $97 million from Cash App fees on Bitcoin sales in 2020. It’s already brought in nearly $130 million in the first half of 2021. PayPal doesn’t break out how much of its revenue comes from transaction fees on cryptocurrency sales from its own app or from its subsidiary, Venmo.

Buying Bitcoin or other cryptocurrency offerings on PayPal means you’ve let the company store your cryptocurrency. The same applies to Venmo. Cash App offers more services, allowing people to send and receive Bitcoin or put it in their own wallets, but it charges a fee if users want to withdraw their coins immediately. Withdrawal will be tempting for people who want to start buying and selling the cryptocurrency on other exchanges, which they can’t do from the payment app.

Athan Slotkin, an entrepreneur and business consultant, thinks the features are great if they attract new investors to cryptocurrency. But he added that most people won’t really learn much about crypto if they stay on one app. The best way to learn is by finding forums and online communities on Twitter and Discord, and trying out some small transactions on exchanges.

“You kind of just have to go down the rabbit hole yourself,” Slotkin said.

Giving people simpler tools for buying and selling cryptocurrency has the potential to drive interest in Bitcoin, Ether and the like, analysts say. If the features encourage a significant number of new cryptocurrency buyers, the increased demand could drive up crypto’s value. With little data on how many transactions are taking place on these apps, though, it’s unclear whether that’s happening.

To really interest users in cryptocurrency, payment apps will need to introduce wallets and exchanges, analysts say. A streamlined system for buying, selling, storing and lending cryptocurrency could interest more people and keep them using the services instead of looking elsewhere for flexibility, says Corey Barrett, an analyst with M Science.

“It would unlock a portion of the cryptocurrency investor base who were never interested until they had that functionality,” Barrett said.




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Price, Key Features You Need to Know Ahead of Launch Today

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JioPhone Next is finally launching today, November 4. The smartphone, developed in partnership with Google, will be available for purchase with a down payment of Rs 1,999 and the rest in easy EMIs over 18 or 24 months. In case you want to purchase the device up-front, it carries a price tag of Rs 6,499. The EMI plans will include data and voice calling benefits for users’ Jio connection.

In terms of specifications, the JioPhone Next features a 5.45-inch HD+ display with a quad-core Qualcomm Snapdragon QM-215 processor paired with 2GB of RAM and 32GB of inbuilt storage that is expandable to up to 512GB via a microSD card slot. The smartphone has a 13-megapixel single rear camera and an 8-megapixel front camera for selfies. There is a 3,500mAh battery on the JioPhone Next that is charged via a micro-USB port. In terms of connectivity, the Jio-Google smartphone comes with Dual-SIM support with 4G, Wi-Fi, Bluetooth v4.1, micro USB, and a 3.5mm headphone jack. Sensors present on the smartphone are an accelerometer, light sensor, and proximity sensor.

The JioPhone Next will run on Pragati OS that is powered by Android. Pragati OS is an optimized version of Android made for JioPhone Next to deliver a simplified and delightful experience for users in India. Google and Jio have worked closely to address the unique needs of millions of smartphone users in the country.

Other notable features include ‘Nearby Share’ – a simplified sharing tool to let users share apps, photos, videos, music and other content, even without the internet. There’s a translate option to allow users to read content in their preferred language. This is achieved via the Read Aloud and Translate feature that would work with any text on the JioPhone Next’s screen. JioPhone Next further integrates India-themed Snapchat Lenses directly into Camera Go – the smartphone’s camera app, which will create a more delightful and innovative photo-taking experience for users.

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WWE will bring its own NFT marketplace, fans will be able to buy digital tokens

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WWE is preparing to launch the NFT Marketplace for WWE licensed digital tokens and collectibles. For this, a multi-year deal has been signed with Blockchain Creative Labs – Fox Entertainment and Bento Box Entertainment. This partnership will allow WWE to create the NFT. WWE is known for its major events such as WWE Superstars and WrestleMania and SummerSlam. The name of the new marketplace and its launch date have not yet been announced, but will be made public in the coming weeks.

The marketplace will be powered by Eluvio’s blockchain technology and will act as a hub for consumers to buy, trade, sell and store digital tokens. In addition, it will be interoperable with Ethereum and other blockchains. To participate in the WWE NFT Marketplace, fans will need to create a secure WWE Digital Wallet through Eluvio, which acts as a vault and allows consumers to purchase stored items using normal currency or cryptocurrencies. make capable.

Commenting on this, Scott Greenberg, CEO of Blockchain Creative Labs and Co-Founder/CEO of Bento, said, “We know that the WWE fan community would love to own the organization’s authentic digital goods. Our NFT studio will enable fans to own NFTs and tokens, he added. WWE Senior Vice President, Revenue Strategy and Development, Scott Zangellini claims that the new partnership paves the way for both companies to find new ways to engage the WWE fanbase.

In addition to the WWE NFT marketplace, Blockchain Creative Labs also recently launched “The Masquerade” for a popular US TV show called “The Masked Singer”. The joint venture is also set to launch a dedicated market place for Emmy Award winning creator Dan Harmon’s upcoming comedy series Krapopolis.

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