According to online retailer Newegg, Shiba Inu payments are “coming soon” to the platform. A few days ago, the retail company revealed on its official Twitter that the memecoin SHIB is coming to the platform.
Newegg is an online retailing behemoth specializing in consumer electronics such as PC hardware, game consoles, laptops, and office supplies. It is available internationally and is one of the most popular such platforms in the United States.
So yet, the shop hasn’t revealed any other information about the Shiba Inu addition other than the fact that it would be “coming soon.”
However, it is worth mentioning that Newegg already offers Bitpay, a renowned cryptocurrency payment processor. The network accepts a variety of digital currencies, including Bitcoin, Litecoin, Ethereum, and SHIB’s competitor memecoin, Dogecoin.
Coming soon to Newegg…$SHIB https://t.co/BeRw6mfPmZ@Shibtoken @ShytoshiKusama #ShibArmy #Shib #friendshib #newegg #blackfriday #cybermonday pic.twitter.com/3TOehrhyJ6
— Newegg (@Newegg) November 26, 2021
Earlier this month, the CEO of AMC Cinemas revealed on Twitter that the theater company would soon begin collecting Shiba Inu payments in collaboration with Bitpay. As a result of this statement, Bitpay’s SHIB support is on the horizon, and it’s probable that Newegg will take the memecoin through the payment processor itself.
When asked when that may happen, AMC’s CEO indicated it could take “60-120 days.” He also stated that the theater has become the “first” Bitpay customer to handle Shiba Inu payments, adding that this is because he “asked for it.”
SHIB has recently witnessed a lot of encouraging news connected to memecoin adoption, and the Newegg announcement is only one of them. The cryptocurrency exchange Gemini welcomed Shiba Inu to its platform earlier this month. As previously announced, AMC theatres will soon accept the currency.
Through a change.org petition, the community also seeks to get Robinhood to accept the memecoin. The petition has currently received 58k signatures. Shiba Inu’s price is now hovering at $0.00003876, down 13% in the previous seven days. The cryptocurrency has lost 41% of its value in the last month.
Here’s a chart showing the memecoin’s price movement over the last five days:
Following Shiba Inu’s incredible surge in October, the currency has only witnessed a slump in November, with the crypto poised to conclude the month with over 50% in the red. It’s uncertain when the memecoin will experience another jump, but adoption announcements like Newegg’s might be optimistic in the long run.
