Brokerage Firms Turn to Shiba Inu, Bitcoin, and Dogecoin Despite Market Crash

Shiba inu
Source: Bitcoinist

Despite the record crash of the crypto industry, several firms in the brokerage industry now accept Bitcoin, Dogecoin, and Shiba Inu as viable payment options for their services.

US-based brokerage firm Denison Yachting was the first to accept crypto payments. The firm started accepting crypto as far back as 2014 and has accepted Bitcoin payments for 17 yachts.

Apart from that, Denison Yachting also mines the flagship digital asset.

Camper & Nicholsons, one of the oldest firms in the space took the plunge in June by partnering with BitPay to accept Shiba Inu and other digital assets. The 240-year-old brokerage firm said its decision was geared toward attracting “new clientele” for its business.

More recently, Yachtzoo, a Monaco-based brokerage firm, has partnered with leading crypto payment service provider BitPay to enable payments for its yacht in Shiba Inu, and Dogecoin -alongside other digital assets supported by the service provider.

According to a Super Yacht Times report, the expectation of these firms is that the crypto industry will recover to old heights soon.

Shiba Inu, Others Becoming Increasingly Used for Payments

Popular digital assets like Shiba Inu, Dogecoin, and Bitcoin have seen increased use cases as a payment option largely due to the growing popularity of the industry in recent times.

According to a report, Shiba Inu’s BONE was overwhelmingly voted for in a recent poll carried out by FCF Pay about which asset it should add to its platform.

Famed luxury watch brand Breitling also recently enabled crypto payment via its partnership with BitPay, meaning its customers can now purchase its watches with Shiba Inu.

Meanwhile, food delivery companies like Uber Eats, DoorDash, and Grubhub alongside restaurants like Grill, Chili’s, Carrabba’s Italian Grill, and Steak ‘n Shake have also enabled crypto payments via BitPay.

The crypto industry just witnessed one of the largest value declines in its history. Flagship digital assets like Bitcoin, Ethereum, Dogecoin, and Shiba Inu have recorded around 50% decline in their values in the last 30 days.