America’s biggest Hispanic supermarket chain ‘Cardenas Markets’ will soon install Shiba Inu and Bitcoin AMTs on the store premises. Cardenas Markets boasts 59 stores across large states such as California, Nevada, and Arizona. The top Hispanic grocery store has partnered with Coin Cloud, a U.S. provider of Digital Currency Machine (DCM) and crypto ATMs. The partnership will soon allow customers to buy and sell cryptocurrencies for cash at all their 59 stores.
Coin Cloud will soon install the crypto ATMs at Cardenas Markets and allow customers to access 40 different cryptocurrencies. The crypto assets include Bitcoin, Ethereum, Dogecoin, Litecoin, Cardano, Nano, SushiSwap, Algorand, Matic, OMG Network, ApeCoin, and Shiba Inu, among others.
The first crypto ATM will be installed in Cardenas Markets’ Las Vegas outlet. The rest of the ATMs will be installed across their 58 other stores stage-wise.
Chris McAlary, CEO of Coin Cloud, said users could buy and sell cryptos with cash at the Las Vegas store. “Recognized as one of the largest grocery chains in the country serving the Hispanic community. Cardenas Markets’ stores now offer the capabilities to buy and sell digital currencies with cash. It’s beginning right here in our home of Las Vegas,” he said in a press release.
Shina Inu Adaptation
Shiba Inu is experiencing widespread adaptation as several businesses worldwide accept it as a form of payment. Read here for a recent list of companies accepting SHIB as payment at their check-out page.
The Hispanic community is increasingly showing interest in crypto and adopting the new financial technology. A recent survey found that Hispanic U.S. adults adopted cryptocurrency at a rate exceeding the general U.S adult population.
In countries like Venezuela and Mexico, businesses are opening to accept cryptos as payment. SHIB and Dogecoin is the ‘go-to’ payment across Latin American countries.
At press time, Shiba Inu was trading at $0.00001027 and was down 1.81% in the 24 hours day trade. It is also down 88.1% from its all-time high of $0.00008616, reached in November last year.