Can Shiba Inu Become a Payment Token?

A handful of cryptocurrencies, including Bitcoin, Ethereum, XRP, Dogecoin, and Shiba Inu, have been accepted as payment for purchasing products. Many businesses in the US and abroad have begun accepting cryptocurrencies, in addition to traditional forms of payment. Digital assets are no longer obscure payments and have penetrated the markets in the last five years. The move is helping businesses gain new customers, advancing the digital assets sector into a new financial era.

Also Read: Shiba Inu’s Kusama Denies Leaving, But Signs Point to Hidden Truth

Also Read: Shiba Inu’s Kusama Denies Leaving, But Signs Point to Hidden Truth## Shiba Inu Payment Token

Source: RedditShiba Inu has already become a payment token, and many businesses accept it during checkout. Both small and big ventures use SHIB, including in the US, Spain, Colombia, Venezuela, and Turkey, among others. Companies are opting for digital asset payments, touting it as the future of transactions. While cash, credit, and debit cards would remain, cryptocurrencies are also sharing the stage.

Here’s a list of the companies that have accepted Shiba Inu as a form of payment: Gucci, Equinox, AMC Theatres, Lowe’s, Bed Bath & Beyond, Nerdy Frames, Gamestop, Vita Plus, Amore Smiles, Travala, Continental Diamond, San Telmo, Q Boats, Pizpa Fun Pizza, and ERBI Electronics, among others. Many of these businesses w

However, it is not known how many customers actually used Shiba Inu for purchasing products. The businesses have not made the details public and most likely will not make the disclosure. Also, very few users might pay in cryptocurrencies as it’s a form of investment and not used for day-to-day purchases.

The fear of paying with Shiba Inu comes after a man in the US paid for a pizza with 10,000 Bitcoins in 2010. Those slices are now worth $1.1 billion and could have been easily avoided if he had simply paid in cash. The payment also got a day of its own, called Bitcoin Pizza Day, on May 22 every year.