- The Shiba Inuuser base is growing and more companies are accepting the token as payment.
- Newegg Commerce, GameStop, and more accept Shiba Inu payments for their services.
- Shiba Inu ranks 14th on CoinMarketCap.
Ever since the dawn of the first cryptocurrency, more digital assets have come to the crypto market to allow enthusiasts flexibility in making payments and transmitting value. This is where meme coins come in.
Shiba Inu (SHIB), also dubbed as the “Dogecoin Killer, is one of the most popular meme coins in the market. In their path to establish superiority over its competitor, Dogecoin, Shiba Inu is now met with growing appreciation as more businesses announce their acceptance of the famed meme coin.
For one, IZEA Worldwide (NASDAQ:IZEA), a prominent provider of influencer marketing technology, data, and services for the world’s leading brands, announced that it will now accept Shiba Inu as a form of payment for its managed influencer marketing services, among other tokens.
As the Shiba Inu user base continues to grow bigger, big companies have followed suit to IZEA Worldwide in joining the bandwagon and started accepting SHIB as payment.
Newegg Commerce, Inc. (NEGG)
As one of the earliest companies to adopt cryptocurrency payments, Newegg Commerce Inc. aims to provide its customers flexibility and options when it comes to its services.
GameStop Corp (NYSE:GME)
GameStop Corp., one of the largest game retailers in the world, seeks to deepen relationships with retail traders with their move to accept Shiba Inu as payment for their products.
AMC Entertainment Holdings, Inc. (NYSE:AMC)
The largest movie theater chain in the US will start accepting Shiba Inu for online payments in the next few months, as announced by CEO Adam Aron.
*Nordstrom Inc. (JWN)
Since December 2021, patrons who are Shiba Inu holders have already enjoyed shopping lavish items from this luxury department store using the tokens.
*Barnes and Noble Education Inc. (BNED)Not only does this company promises to uplift the lives of many through education, but it also provides more payment options to people, particularly the Shiba Army.
*Ulta Beauty, Inc. (ULTA)Beauty products vendor, Ulta Beauty (NASDAQ:ULTA), started accepting Shiba Inu tokens in the fourth quarter of 2021.
*Petco Health and Wellness. Company, Inc. (WOOF)Also joining the hype is Petco, which has announced it will accept Shiba Inu as payment.
More companies that are accepting Shiba Inu tokens are *Bed Bath & Beyond, Inc. (BBBY) and *Lowe’s Companies, Inc. (LOW).
*Companies that indirectly accept Shiba Inu via Flexa.
At press time, Shiba Inu sits at 14th place, with a price of $0.00003111 and a market cap of over $17 billion.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.