Newegg, the major American electronics retailer, has said that it will start accepting Shiba Inu (SHIB) as part of its holiday promotional campaign, starting “by early December.”
It has been reported that in order to enable the new payment option, Newegg partnered with the cryptocurrency payments platform BitPay. The firm previously unlocked payments in another dog-themed digital currency, Dogecoin (DOGE), through BitPay in April 2021.
Andrew Choi, the Director of Brand Marketing at Newegg, said:
“Through our partnership with BitPay, we have the ability to move quickly and lead the market with flexible cryptocurrency payment options. To that end, we’re excited to offer SHIB as a payment option on Newegg.com.”
However, Newegg became one of the first major online shopping stores to accept Bitcoin (BTC) when the company first partnered with BitPay back in 2014. Initially debuting the feature in the United States, the firm subsequently expanded the payment option to more than 70 countries.
Thus, crypto adoption for payments is gaining ground across various industry verticals. Last month, American movie theater company AMC announced it was finally accepting four major cryptocurrencies: Bitcoin, Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) after months of hints.
Source: Cointelegraph