Aston Martin Now Accepts Shiba Inu for Payment Thanks to the New Collaboration

Vignesh Karunanidhi
Aston Martin Now Accepts Shiba Inu for Payment, Thanks to the New Collaboration
Source: The Financial Express

Shiba Inu has come a long way since its inception. From the mere view of being just another meme token, to a team with many projects under its roof, the meme coin has had remarkable growth over the years.

The team has also been constantly collaborating with numerous global companies. From travel companies, to food chain restaurants and automotive companies, the list goes on. Meme coins and cryptocurrencies in general have always been criticized for a lack of utility. However, Shiba Inu holders can now pay for an Aston Martin car with their SHIB. This has been made possible with their recent collaboration with BitPay.

Shiba Inu can get you an Aston Martin

Aston Martin is one of the oldest luxury sports car and grand tourer manufacturers, having been established in 1913 in London. In one of their recent tweets, BitPay announced that they are collaborating with Exclusive Automatic Group.

However, this collaboration doesn’t apply to all the Aston Martin showrooms. Payments with cryptocurrencies are quicker and more seamless. Cryptocurrency payments eliminate the user’s need to rely on banks, especially in cases where the funds are large in value.

Source: BitPay

In other Shiba Inu news, there has been a visible drop in the burn rate over the last 24 hours. As per the data from Shibburn, the burn rate is 89.24% down during this period. 7,107,269 million SHIB were burned during this period.

The burn rate has been consistently on the lower side compared to the burn rates over the past few weeks. On certain days, the Shiba Inu burn rate skyrocketed to over 4000%. At press time, SHIB is trading at $0.000008277 and is down by 0.95% in the last 24 hours. The 24 hours trading volume has also dropped by 46.88%, as per the data from CoinMarketCap.