Swiss luxury watchmaker Hublot accepted online payment using Shiba Inu and Bitcoin
Swiss luxury watchmaker Hublot has announced that 200 of their newly released limited edition watches can now be purchased online using cryptocurrencies like the Shiba Inu and Bitcoin through BitPay. This means of payment is limited exclusively to Hublot United States eBoutique customers.
Introducing the new #BigBangUnico Essential Grey, a limited edition of 200 pieces solely available online on the e-commerce platform https://t.co/FtQRk4LWq7. Exclusively on our Hublot United States eBoutique, clients will be able to shop using select Cryptocurrencies with BitPay. pic.twitter.com/Ny2tct8lQ2
— Hublot (@Hublot) June 21, 2022
Shiba Inu and Other Cryptos Now Accepted by Swiss Luxury Maker Hublot in US Stores
Cryptocurrency payment processor BitPay has officially announced support for the Shiba Inu meme cryptocurrency by the end of 2021, enabling SHIB spending at hundreds of BitPay merchants where Shiba Inu is accepted. In addition to Shiba Inu, BitPay supports other cryptocurrencies such as Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Wrapped Bitcoin, and five other USD-pegged stablecoins (BUSD, DAI, GUSD, USDC, and USDP).
Other high-fashion brands and businesses have recently indicated that they have been accepting cryptocurrency for the payment of goods. Swiss luxury watchmaker Tag Heuer and St. Louis Park have announced the acceptance of cryptocurrencies through BitPay.
Gucci, a high-end fashion brand, announced in May that it would begin accepting Bitcoin, Dogecoin, Shiba Inu, and several other cryptocurrencies at select locations in North America.
According to the handling of Shib Burn Twitter, in the past 24 hours, more than 216,301,162 SHIB tokens have been burned, and 15 transactions have been made. Shiba Inu’s burn rate also increased by 134%, according to the Shibburn website.
Burning Shiba Inu tokens is an initiative carried out by various organizations in the SHIB community and aims to create scarcity by reducing the total supply. More than 70 million SHIBs were burned by Amazon-owned SHIB burners earlier in the week.
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