Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Shiba Inu Accepted by Uber Eats in the U.S. – 10% Weekly Gains for SHIB

Published 07/11/2022, 06:17 AM
Updated 07/11/2022, 07:00 AM
Shiba Inu Accepted by Uber Eats in the U.S. – 10% Weekly Gains for SHIB

The wide adoption of Shiba Inu may come as a surprise to some, but thanks to the immense growth of the SHIB Army crypto community, holders of the dog-themed crypto now find themselves able to book flights, hotels, book a ride in a Lamborghini and, as of last week, enjoy a delicious meal from the comfort of their own homes through two of the top American food delivery services.

In recent news, both Uber Eats and DoorDash announced the availability of crypto payments using three different methods:

  • The BitPay crypto card, which supports Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), Litecoin (LTC) and popular stablecoins. To order from Uber Eats, customers simply need to provide their BitPay card details, and the crypto will be automatically converted into cash for the transaction.
  • Prepaid gift cards – ranging between $25 to $1000. To access this feature, users can download the BitPay app, and enter the shop through the ‘Crypto’ page. Upon completing the transaction on the app, the gift card of the chosen amount will be delivered to the user’s specified email address. An added benefit is that these gift cards are also supported by Google (NASDAQ:GOOGL) Pay and Apple (NASDAQ:AAPL) Pay, thus circumventing the usual gift card hassle many have otherwise encountered.
  • Delivery & takeout on Menufy, a new, local food & national chain website that accepts Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), and its rival Dogecoin (DOGE), for payments. In spite of the fact that Menufy is only available in the United States, BitPay has made provisions for other regions, saying: “Europeans, fear not. You can get the very same service on your side of the pond using Takeaway.com”. Indeed, Takeaway.com is a crypto-friendly food delivery service available in 14 European countries, as well as in Israel.
  • 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

    Enjoy Breakfast at Chili’s with Shiba Inu

    Some of the restaurants participating in this mouth-watering deal include Chili’s, Bonefish Grill, Steak ‘n’ Shake, Carrabba’s Italian Grill, and many others featured on Bitpay’s merchant directory. As it stands, there are a wider range of delivery options compared to takeout, unless buying with a gift card, which can be done in-app.

    Although many of the top cryptocurrencies recorded losses last week, popular, dog-themed, meme coin Shiba Inu (SHIB) raked in double-digit gains, with its price rise of 10% putting it firmly in the green zone.

    At press time, Shiba Inu (SHIB) trades at $0.00001093, according to CoinGecko. Despite the aforementioned 10% weekly increase, that marks a 4.3% loss over the last 24 hours, following a similar trend to the world’s leading crypto asset, Bitcoin (BTC), which dropped 4.2% in value.

    It’s Getting Hot in Here for Shiba Inu

    Ever since wiping a zero from its valuation, Shiba Inu (SHIB) has enjoyed a wave of success. It was revealed that SHIB is held by the majority of Coinbase (NASDAQ:COIN) users, and news of the meme coin’s listing on Robinhood (NASDAQ:HOOD) only served to build hype on Twitter (NYSE:TWTR), with hashtags like “#SHIBArmy” and “#SHIB” constantly trending across the platform. On top of that, Shytoshi Kusama announced a major update on Shibarium, and the development of SHIB’s very own stablecoin.

    3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

    Perhaps most importantly, the benevolent Shiba Inu community sent 69,507,755 tokens to a dead wallet, setting aflame a massive stack of coins in hopes of deleting another zero.

    • Shiba Inu (SHIB) and its rival Dogecoin (DOGE) were both kicked off of the Crypto.com Earn program.

    Continue reading on DailyCoin

    Latest comments

    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2024 - Fusion Media Limited. All Rights Reserved.