![]() ![]() AMC, Newegg and any BitPay merchant can accept cryptocurrency for purchases with Shiba Inu (SHIB) as well as Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC), and five USD-pegged stable coins (BUSD, DAI, GUSD, USDP, and USDC). The potential global market is huge and combined with the market capitalization for crypto approaching two trillion, the market opportunity for crypto is ideal.īitPay enables businesses to accept cryptocurrency as a form of payment without having to buy, own or manage crypto. teamed with BitPay for crypto payments, and BitPay now supports Shiba Inu. The ability to accept crypto expands a merchant’s sales opportunity into international markets where accepting credit cards is not practical while reducing high fees and increasing payment transparency and efficiency. BitPay is a developer of a blockchain payments technology platform designed. To that end, we’re excited to offer SHIB as a payment option on .” “Through our partnership with BitPay, we have the ability to move quickly and lead the market with flexible cryptocurrency payment options. “We are always looking for ways to innovate the shopping experience on, and something our customers want is greater flexibility and options, including the ability to pay with a wide range of cryptocurrencies,” said Andrew Choi, Director of Brand Marketing at Newegg. Situated at the intersection of the busy I-10 and I-110 in downtown Los Angeles, The Reef is a larger-than-life platform for Newegg to drop its latest crypto news. Newegg also made the news official and on a grand scale with a massive digital out-of-home (DOOH) campaign displayed on The Reef, North America’s largest DOOH billboard. to be the first client to accept Shiba Inu. The dedicated community responded and advocated for its decentralized meme token which has quickly evolved into a vibrant ecosystem where SHIB holders can spend at merchants who accept BitPay or where a gift card can be purchased through the BitPay Wallet.Īdam Aron, AMC CEO shared on Twitter “Attention #SHIBArmy: Our friends decided to support Shiba Inu specifically because I asked, so AMC can take Shiba Inu for online payments of movie tickets and concessions. “BitPay believes that the more community involvement from coin holders supports awareness and adoption helping to move the blockchain industry to pave the way for blockchain payments to disrupt the way consumers and businesses receive and spend funds.”ĪMC got the SHIB community fired up when they asked if the company should request SHIB be added as a payment option. “The Shiba Inu community is passionate about its coin and serious about giving those consumers places to spend SHIB,” Stephen Pair, CEO of BitPay, said. The increased popularity puts SHIB in the top #15 since tracking from zero in May by market capitalization on CoinMarketCap just in time for holiday spending. Some of these firms are AMC Theatres, APMEX, Twitch, Jomashop, and Carolina Hurricanes.Even though it started as a meme, the strong SHIBArmy along with the response from AMC and Newegg moved SHIB to the top of the list of coins to add. Over the years, the Shib has been adopted by several firms as a payment method for goods and services. Ads Shiba Inus acceptance as payment grows Shiba Inus acceptance as payment continues to grow. In June, The Crypto Basic reported that BitPay announced that users can now pay for Apple products using Shiba Inu, increasing the adoption of the token.Īpple users can use SHIB to purchase their favorite products, including MacBooks and iPhones. Currencies: BitPay supports leading cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (. BitPay officially began supporting the Shiba Inu coin in December 2021, which allowed SHIB to be spent at hundreds of BitPay merchants where Shiba Inu is accepted. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota.īitPay adopted Shiba Inu last year to let businesses accept Shib as payment Bitpay also enabled the ShibaArmy to pay for goods and services in its merchants worldwide. ![]() Best Buy gift cards now available,” BitPay tweeted on Friday.īest Buy Co. ![]() California-Based Payment Company Adds Support For Shiba Inu, Enabling Merchants Worldwide. “Now available! Spend your crypto at BestBuy with a gift card instantly. Use the CB Insights Platform to explore BitPays full profile. ![]() Shiba Inu Holders Can Now Spend Their Crypto On BestBuy.Ĭrypto payment provider BitPay now allows Shiba Inu holders to spend SHIB on BestBuy through gift cards.Īccording to an announcement today, customers can now shop and pay for electronics such as television, gaming consoles, cameras, and albums available on BestBuy using gift cards with the Shiba Inu and other cryptocurrencies via Bitpay. ![]()
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