Shiba Inu (SHIB) is gaining significant traction in the real world, with an increasing number of businesses accepting it as a form of payment. This widespread acceptance includes well-known companies such as AMC, Newegg, and DevourGO. The acceptance of SHIB by these businesses demonstrates its increasing real-world utility and dispels its reputation as just a meme coin.
In a recent blog post shared by marketing specialist Lucie, SHIB’s value as a legitimate digital asset was emphasized. This shift can be seen as more businesses globally now allow SHIB holders to use their tokens for everyday purchases, extending its use beyond the realm of speculative investing.
One landmark achievement for SHIB highlighted in the blog post is its role in facilitating a complete web3 food delivery transaction through DevourGO, a renowned web3 food ordering platform. This marked the first instance of a meme coin being used in such a manner.
In addition to this milestone, SHIB is accepted by a diverse range of businesses in various sectors. In the entertainment industry, major movie chains like AMC Theatres and Regal Cinemas now accept SHIB for purchasing tickets, concessions, and merchandise. Retailers such as Newegg and GameStop also allow SHIB payments, broadening its reach within the industry.
SHIB’s acceptance extends to the travel and utility sectors as well. Some airlines and travel services now accept SHIB as a payment option through platforms like Flexa, providing more choices for travelers. Streaming platform Twitch also allows users to support content creators with SHIB.
Luxury brands like Gucci, Nordstrom, and Nordstrom Rack have embraced SHIB and accept it as a form of payment in their retail stores. Whole Foods, Petco, Bed Bath & Beyond, Ulta Beauty, and Lowe’s are among the other retailers that have joined the trend of accepting SHIB.
Furthermore, SHIB’s utility goes beyond everyday commerce. Charitable organizations such as the American Cancer Society, the American Red Cross, and the British Red Cross now accept SHIB for donations, highlighting the token’s potential in supporting philanthropic causes. High-value transactions are also becoming more common with SHIB, as precious metals retailer APMEX and high-quality timepiece seller David SW accept the token.
The most recent adoption of SHIB is by Crypto.com, a Hong Kong-based firm that expanded its support for SHIB by allowing users to fund their Visa Cards with SHIB. This move further enhances SHIB’s presence and credibility in the cryptocurrency space.
Overall, the increasing number of businesses accepting SHIB for payments serves as a clear indication of its growing real-world utility and value as a legitimate digital asset.