Crypto

Online Electronics Store Newegg Accepts Shiba Inu Crypto Over The Holidays

Large US electronics retailer Newegg continues to dive into allowing payments in major cryptocurrencies and mems, Shiba Inu (SHIB).

Newegg officially announced on November 29 that it would begin accepting SHIB as part of its Christmas promotional campaign, beginning in “early December.”

Hi #ShibArmy, how do we see America’s largest digital billboard? @ShytoshiKusama #Shib

We will officially accept @Shibtoken in early December via @BitPay https://t.co/MR2ydiQpq6 pic.twitter.com/MyuxHSIjVw

– Newegg (@Newegg) November 30, 2021

To activate the new payment option, Newegg has partnered with cryptocurrency payment platform BitPay. The company previously unlocked payments in another dog-themed digital currency, Dogecoin (DOGE), through BitPay in April 2021.

“Through our partnership with BitPay, we have the ability to rapidly scale and dominate the market with flexible cryptocurrency payment options. To that end, we are delighted to offer SHIB as a paid option on Newegg.com, ”said Andrew Choi, Director of Brand Marketing for Newegg.

Cointelegraph has contacted Newegg with additional inquiries and will update this article pending further information.

AMC Theaters CEO Plans to Add Shiba Inu as a Payment Method for Ticket Purchase

As previously reported, Newegg became one of the first major online shopping stores to accept Bitcoin (BTC) when the company first partnered with BitPay in 2014. Initially launching the feature in the United States, the company then it extended the payment option to more than 70 countries.

The adoption of cryptocurrencies for payments is gaining traction in various industry verticals. Last month, the American film company AMC announced that it was finally accepting four major cryptocurrencies: Bitcoin, Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC), after months of indices.

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