Shiba Inu [SHIB] has managed to break into a number of businesses over the last couple of months. The cryptocurrency has sunk its toes in practically every industry, from food to real estate. Despite having been on the market for a long time, a variety of assets are still sitting on the sidelines. SHIB, on the other hand, was opening the path for widespread adoption. The asset has now opted to make its debut at a US-based insurance company.
An insurance firm located in both Texas and Florida, Eastern Gray Insurance LLC revealed that it had commenced accepting Shiba Inu for payments.
Elyoby an insurance agent at the firm has time and again expressed his inclination towards Shiba Inu through his Twitter profile. He was even seen rooting for the altcoin to hit $0.01.
This, however, might take longer than expected as SHIB was trading for $0.00002144 with a 2.70 percent drop over the last 24-hours. The last couple of days didn’t go as planned as the asset plummeted by nearly 8 percent. As a result, $0.01 or even deleting a single zero from its current
Additionally, the market cap of Shiba Inu was at $11.81 billion. In the past, the altcoin bumped heads with its counterpart Dogecoin [DOGE]. However now, it seems like SHIB would take a while to get back into the battlefield.
Shiba Inu lands in Crypto.com’s DeFi Wallet
The meme coin revolution gave rise to a slew of exchanges onboarding Shiba Inu. Move over exchange listings, several platforms even decided to include the asset in various services that it offered. Crypto.com added SHIB along with several other coins into its DeFi wallet.
Thanks to this inclusion, Shiba Inu holders would be able to easily earn interest on their tokens.
The other tokens on the list were Aave [AAVE], Binance USD [BUSD], Dai [DAI], Klima DAO [KLIMA], Chainlink [LINK] as well as Terra [LUNA].