Gucci Will Accept This Meme Coin As A Payment Method!

  • Interest in the Shiba Inu (SHIB) continues unabated. Global companies that have opened their doors to innovation by using cryptocurrencies as a payment method to support their sales are also finding a way to add SHIB to their structure. Fashion Giant Gucci Will Accept This Meme Coin As A Payment Method!

There has been an interesting development today in the support of global companies for SHIB, a popular luxury fashion brand Gucci, in its five stores based in the United States later this month. Shiba Inu (SHIB) announced that it would accept

Among the five Gucci stores selected, according to the report disclosed in a recent Vogue Business report; These include Rodeo Drive in Los Angeles, Wooster Street in New York, Phipps Plaza in Atlanta, the Miami Design District, and The Shops at Crystals in Las Vegas.

The initiative, which will begin as a pilot project later this month, will expand to other Gucci stores in North America by the summer of 2022.

While the pilot program is scheduled to go public later this month, Gucci said it will prioritize owners of SuperGucci and Gucci Grail, two of the non-fungible token (NFT) project developers, to pre-order Gucci collections using the Shiba Inu before the service goes public.

Commenting on the development, Marco Bizzarri, president and CEO of Gucci, said that the luxury brand has always sought to adopt innovative technologies that will contribute to improving the experience of its customers. Also, Bizzarri added:

“Now that we can integrate cryptocurrencies into our payment system, this will be a natural evolution for customers who want the option available to them.”

Gucci will add support for other cryptocurrencies

Aside from these, the Shiba Inu will not be the only cryptocurrency to be supported in the upcoming Gucci pilot program. According to the report, Gucci plans to integrate more than ten digital currencies into its payment system by the end of this month.

Among these cryptocurrencies; Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Wrapped Bitcoin (WBTC) and five stablecoins.

Growing adoption of the Shiba Inu

Despite its launch in August 2020, the Shiba Inu has seen its popularity grow tremendously, and this storm of adoption has resulted in the addition of the meme coin to numerous trading platforms, online and physical stores.

As reported by KoinFinans, Shiba Inu also stepped into the fast-food industry. As a result of the SHIB Wellys collaboration, SHIB enthusiasts will be able to use the cryptocurrency to purchase sandwiches and burgers from a digital currency-themed Naples-based restaurant.

Similarly, Equinox Global also stated yesterday that New York residents can now use the popular meme cryptocurrency to pay for their fitness services.

You can check the price movements here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.

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