Shiba Inu Gets 1st Public Company in US to Accept SHIB for Payments

Joshua Ramos
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Source: Twitter

One of the top meme coins on the market, Shiba Inu (SHIB) is now accepted as a payment method by the first public company in the United States. Indeed, Kronos Advanced Technologies (KNOS) has announced its adoption of the crypto in a groundbreaking development.

Kronos is now the first US-based public company to adopt SHIB as a widely accepted payment method. The company unveiled the integration in a Form 8-K filing with the US Securities and Exchange Commission (SEC). It also is a landmark moment for the asset itself.

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Kronos is Now 1st Public US Company to Accept SHIB

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Source: Pixabay

In 2024, there are more than 1.39 million SHIB holders across the globe. That showcases just how prevalent the meme coin has become. Yet, one of the leaders in air purification systems in the United States has leaned into those figures, and announced a massive integration with the asset.

Shiba Inu has officially seen the first publicly traded US company accept SHIB as a payment method. Speaking on the decision, Kronos CEO Greg Rubin noted the decision as part of the company’s approach to staying on the cutting edge of technology.

Source: AiThority

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“Integrating SHIB as a payment option aligns with our forward-thinking ethos and dedication to embracing technological advancements,” Rubin said. The CEO said the decision would benefit the company and customers. It will solidify Kronos’ position amid more tech-focused users while “future-proofing,” the company’s strategy.

Over the last 24 hours, SHIB has bounced back, gaining 1.5% and trading at more than $0.000017, according to CoinMarketCap. Moreover, its trading volume has increased more than 44% over that time as it stands firmly entrenched in the top two of the meme coin market.