Will Red Bull Become The Next Global Brand To Accept Shiba Inu?

Saif Naqvi
Shiba Inu
Source: Mewns.eth

With crypto adoption growing by leaps and bounds, more and more investors have become accustomed to Shiba Inu. The project has been tied to several well-known corporations already and another international brand may just put Shiba Inu under its crosshairs.

Source: Twitter

Taking into account Shiba Inu’s fast-paced adoption across a multitude of firms, SHIB influencer Milkshake reached out to energy drink maker Red Bull for a possible collaboration.

The widely followed Twitter user was ready to pitch an ‘exciting idea’ to the Red Bull team which could feature both brands under one roof.

Although Red Bull had not yet responded to Milkshake’s post, an alliance with the energy-drink leaders could be vital for SHIB’s goal of becoming a globally recognized brand. Introduced to local Austrian citizens for the first time in 1987, Red Bull has evolved into an $18 Billion company and is presently the largest energy drink maker in the world. But it’s not just the energy drink business that Red Bull is known for. Capitalizing on its popularity, Red Bull has spread its ‘wings’ into the sports arena of Formula 1 racing, soccer, basketball, and even baseball. Its turnover from all operations touched a mammoth $8 Billion in 2021.

Shiba Inu ATMs

While Shiba Inu and a Red Bull alliance are just speculative at the moment, developments across the field would surely go a long way in turning more head toward SHIB. Recently, Shiba Inu was spotted across Coincloud ATMs in the United States, making it more convenient for holders to access their SHIB tokens. Based in Las Vegas, Coincloud operates over 5,000 Bitcoin ATMs (BTMs) in the US and offers a variety of coin offerings such as Bitcoin, Bitcoin Cash, Ethereum, and Dogecoin, among others.

The introduction comes on the back of virtual currency exchange Bitcoin Of America featuring Shiba Inu on its platform in early April.

Even though instructional adoption and ease of access can create demand for an asset, SHIB’s short-term price movement was more in line with broader market gains. At press time, Shiba Inu traded at $0.00002505, up by 4% in the last 24 hours.