Shiba Inu to Connect with Big Businesses through Newegg

Key Takeaways:

  • Shiba Inu to connect with big businesses through Newegg soon.
  • Bitpay is the only cryptocurrency that Newegg presently accepts. 
  • According to AMC Theatres CEO Adam Aron, who stated that his company would begin taking SHIB for payments in the first quarter, the crypto payment service provider will likely offer SHIB support soon.
Shiba Inu To Connect With Big Businesses Through Newegg
Shiba Inu to Connect with Big Businesses through Newegg

Newegg, an e-commerce platform, revealed on Twitter on Friday that SHIB will be available soon.
Newegg Inc. is a significant online technology retailer in North America, with a global presence in Europe, Asia Pacific, Latin America, and the Middle East. Computer parts, PC components, laptops, gaming systems, car parts, and office supplies are all part of its platform.

Newegg also has a long history of being a pioneer in the cryptocurrency field. Through its cooperation with BitPay, Newegg was the first large e-commerce company to accept Bitcoin as a payment option in 2014. In early 2021, Newegg was one of the first to accept Dogecoin, followed by Litecoin in July 2021. In early December, Newegg will begin receiving SHIB, further solidifying Newegg.com as a favorite destination for online customers who choose to pay using cryptocurrency.

Newegg did not provide any additional information regarding the SHIB announcement. However, Bitpay is being used by the platform to accept a variety of cryptocurrencies. As a result, Shiba inu is anticipated to be added to the crypto payment service provider’s list of approved cryptocurrencies, including rival meme cryptocurrency dogecoin (DOGE).

The CEO of AMC Theatres, Adam Aron, broke the word that Bitpay would support SHIB. On November 15, he tweeted that Bitpay has opted to keep the Shiba Inu cryptocurrency.
“particularly because I requested so that AMC will accept Shiba Inu for online payments of movie tickets and refreshments.”

He also stated that AMC would be the first Bitpay client to adopt Shiba Inu cryptocurrency, estimating that his company would accept SHIB within 60 to 120 days following the announcement.

The meme crypto Shiba Inu has been gaining popularity. Gemini, a cryptocurrency exchange, gained support for SHIB in November. Meanwhile, supporters of the Shiba Inu continue to petition on Change.org to have the trading site Robinhood adopt SHIB. 540K signatures have been collected thus far. On the other hand, Robinhood recently stated that it has no plans to list SHIB or any other cryptocurrency.

Chetna Prakash
Chetna Prakash

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