• Shiba Inu has transformed itself from a meme coin to a well-established crypto asset
  • SHIB is widely accepted as a form of payment among businesses all over the world
  • SHIB was trading up 2.39% at $0.00001155

At least 10 brick-and-mortar stores, including the Italian high-end luxury fashion house Gucci, have now begun accepting the popular dog-themed altcoin Shiba Inu (SHIB) as a form of payment.

Once known as a meme coin, SHIB has transitioned into a well-established crypto asset recognized and accepted by thousands of businesses, be it online or offline.

A new blog from the non-custodial crypto payment gateway NOWPayments mentioned a list of new offline or brick-and-mortar stores that accept SHIB as a form of payment. The list includes Rooms To Go, an American furniture store chain and the third largest furniture retailer in the U.S.

The business started accepting SHIB last month and even offered a 7% discount for those who prefer to pay using cryptocurrencies. Another business that now accepts SHIB as a form of payment is Gucci.

The Italian high-end luxury fashion house started accepting SHIB as payment in its five stores located in the U.S. in May and plans to follow the initiative in all its stores in North America this summer. Porsche Towson, an exclusive Porsche center in Baltimore, through its partnership with cryptocurrency payment processor BitPay, started accepting Shiba Inu as a form of payment in April.

Vegas Auto Gallery, a car dealer in Nevada, started accepting SHIB as payment in November last year, allowing SHIB holders to purchase exotic and luxury vehicles using the dog-themed altcoin. Kandy Skulls Ink, a tattoo shop in Rutherglen, Scotland, is also accepting SHIB.

Another shop in Amsterdam, the Amsterdam Vintage Watches, is also accepting Shiba Inu as a form of payment. It is one of the leading boutiques when it comes to vintage luxury watches. Other offline stores accepting SHIB include Jacob &Co., Underground Cigars and Lamborghini Austin.

SHIB, the native token of the Shiba Inu ecosystem, was trading up 2.39% at $0.00001155 with a 24-hour volume of $335,504,519, according to the latest data from CoinMarketCap.

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