Online electronics shop Newegg to accept Shiba Inu crypto during holidays.

[indianCrypto]

Newegg was one of the first online American retailers to accept crypto, starting with Bitcoin and eventually Dogecoin.

Major American electronics retailer Newegg continues diving is enabling payments in major cryptocurrency and mem, Shiba Inu (SHIB).

Newegg officially announced Nov. 29 that it will start accepting SHIB as part of its holiday promotional campaign, starting “by early December.”

In order to enable the new payment option, Newegg partnered with cryptocurrency payments platform BitPay. The firm 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 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,” Andrew Choi, Newegg’s director of brand marketing, said.

Cointelegraph reached out to Newegg with additional queries and will update this article pending new information.

Source Link: https://cointelegraph.com/news/online-electronics-shop-newegg-to-accept-shiba-inu-crypto-during-holidays

There is so much good news about SHIBA INU, But why the price of SHIBA INU is not increasing so much?

What do you say about this?

[CryptoboyRamesh]

It is because the hype is over.

I think if this news was brought up altogether with Elon's hyping to meme coins, there will be an enormous effect to it.

But accept the fact that the hype for it was already done. It's no longer the same anymore but who knows if there will be another batch of hype and moving up for it.