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More merchants support Shiba Inu payments as the US$0.01 milestone remains a dream

Shiba Inu now supported by more merchants (Source: Steamindia)
Shiba Inu now supported by more merchants (Source: Steamindia)
While its long-term momentum remains weak, Shiba Inu continues to climb in popularity thanks to its adoption as a payment option by Flexa. The services of this crypto payment company are supported by merchants like GameStop, Lowe's, Nordstrom, and more, with a total of over 40,000 stores across the US.

Last Friday, an announcement that was posted on Twitter revealed that Shiba Inu had joined Flexa's list of supported cryptocurrencies. This allows Shiba Inu owners to pay using this popular meme coin anywhere Flexa is accepted, and the list of such merchants includes no less than 40,000 stores across the US.

The list of companies that are already accepting Shiba Inu payments consists of the following (five of which are integrated through Flexa): GameStop, Nerdy Flames, Ask The Doctor, Petco, Lowe's, Bed Bath & Beyond, Ulta Beauty, Shiba Tea & Coffee, Shiba Mobile Repair, and AMC Theatres.  

Although there is no solid impact of this piece of news over Shiba Inu's value to talk about yet, Ask The Doctor saw a website traffic increase of no less than 100 times. The Shiba Mobile Repair store, located in Iran, is apparently a business that came to life thanks to the Shiba Inu-fueled profits made by its owner.

For now, Shiba Inu is less than 1 percent higher than yesterday. However, the 7-day drop stands at nearly 5 percent, with even higher lossless in the last 14 days (11.5 percent) and 30 days (33.8 percent). The popular meme coin was at its ATH value of US$0.00008616 on October 28 and has dropped almost 60 percent ever since. Although a few months ago many were talking about Shiba Inu reaching a rather surreal value of US$0.01 before the end of the year, it seems like that won't happen anytime soon.

If you have any thoughts regarding Shiba Inu, feel free to share them with the world. As usual with meme coins and cryptocurrency in general, there are plenty of voices on both sides of the story, for example the theory that Shiba Inu could lose 99 percent of its value by 2023.

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Codrut Nistor
Codrut Nistor - Senior Tech Writer - 5565 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 12 > More merchants support Shiba Inu payments as the US$0.01 milestone remains a dream
Codrut Nistor, 2021-12-13 (Update: 2021-12-13)