Newegg, a tech focused retail giant has run a massive billboard campaign to advertise its support to Shiba Inu by announcing the acceptance of the SHIB token as a payment method on its platform for the holidays in December. This puts Newegg ahead of AMC in accepting SHIB as a payment method that announced its acceptance of SHIB token in the next quarter.
Newegg is a tech focused retail giant listed on Nasdaq that deals in computer components, gaming tech, office equipment and tech based automotive parts. The company has announced on Tuesday that it will be accepting the meme cryptocurrency Shiba Inu’s SHIB token as a payment method on its platform to buy the products and services offered by the company.
The announcement was made on the largest DOOH (Digital-out-of-home) billboard of North America, The Reef. Announcement through the massive billboard was done to make it loud and clear to the cryptocurrency community that crypto is the future of payments and everyone who wants to buy and sell products can use the company’s platform.
Newegg has a long term partnership with Bitpay (Crypto Payment Service Provider) enabling them to use cryptocurrencies as a payment method so early and without a glitch. This announcement by Newegg places them ahead of AMC (A movie theatre chain headquartered in Kansas) in accepting the SHIB token as payment. AMC was expected to be the first SHIB acceptor but Newegg won the race with a vision to attract more cryptocurrency enthusiasts to use their platform.
With more and more institutions accepting cryptocurrencies as a payment method, the cryptocurrency industry is bound to grow at an extensive rate and would reduce the volatility of the crypto industry.
Disclaimer: The article is meant for the educational purpose only and in no way it should be considered as financial advice. Own research on the topic is advisable.
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