The cryptocurrency payment company Flexa announced they are integrating Shiba Inu on their platform. The development has opened the doors for SHIB to be accepted in various stores across the United States. Flexa has tie-ups with companies such as GameStop, Lowe’s, Nordstrom and Bed Bath & Beyond.
Shiba Inu is widely being accepted as a form of payment worldwide and is increasing its use-case in the real world. Moreover, in December 2021 alone, 10 different companies and stores have accepted SHIB as payment on their cash-counter and check-out page.
The 10 different companies accepting Shiba Inu as payment are:
1. Nerdy Frames
2. Ask The Doctor
6. Bed Bath & Beyond
7. Ulta Beauty
8. Shiba Coffee Company
9. Shiba Mobile Repair
10. AMC Theatres.
However, five of these mention companies are integrated as payment options through Flexa.
The development is increasing Shiba Inu’s visibility among the masses and the meme-token has already reached the mainstream audience. With more number of businesses are accepting SHIB as payment, its price will gradually increase in the coming days.
Ask The Doctor revealed that accepting Shiba Inu has benefitted the company and traffic to their website increased 100 times. Even a mobile repair store named Shiba in Iran sprung into business after the owner gained profits from the meme-token.
It won’t be a surprise if more companies announce they’re accepting Shiba Inu as payment by the end of 2021. SHIB is a business generating token and firms can benefit from its popularity.
Shiba Inu : The Way Forward
Shiba Inu announced a gaming partnership with Australia-based Playside Games in a strategic work-for-hire contract. However, the newly signed partnership runs on a fixed-price, milestone-based agreement to develop a multiplayer Collectable Card Game.
PlaySide will provide production, design, engineering, art, user interface and experience development services to Shiba Inu Games. In addition, Playside has delivered games on four different platforms. They include mobile, virtual reality, augmented reality, and the PC.
Also, ShibaNet is an upcoming addition to the Shiba Inu ecosystem. ShibaNet is a decentralized marketplace that allows users to buy, sell, and trade goods using the in-house Shiba Inu ecosystem. Above all, Shytoshi Kusama, the project lead of SHIB spoke about ShibaNet in his Medium blog in July 2021.
Firstly, the best thing about ShibaNet is that it will run on the Shibarium Layer-2. Secondly, it allows users to skip the high Ethereum gas fees that are currently plaguing the cryptocurrency payments sector. Thirdly, this is just the surface of ShibaNet and the team did not reveal complete details about it.
SHIB is displaying bullish sentiments and analysts believe it could delete a zero by the end of the year. Also, a Robinhood listing can propel its price to new highs and reward investors handsomely. In conclusion, early investors will soon see their profits rise tenfold in the coming months. Most importantly, SHIB could reward investors who hold on to the long term.
At the time of publishing, Shiba Inu was trading at $0.00003493 and is up +1.92% in the 23-hours day trade.