Porsche Baltimore dealership accepts Shiba Inu and Dogecoin payments
According to a Tweet from US-based crypto payment service provider BitPay, a Porsche dealership in Baltimore, Maryland, has begun taking conventional crypto payments for automobiles, along with DOGE and Shiba Inu.
Porsche Towson’s website advertised a 2022 Porsche Cayenne SUV for US$95,880, which equates to 677,610 DOGE or 3,810,810,810 SHIB at press time.
BitPay facilitates crypto payment settlement through an application programming interface, and in December added SHIB to its list of approved blockchain payments.
BitPay also enables payments in “mainstream cryptocurrencies,” including Bitcoin, Ethereum, and five other stablecoins tied to the US dollar.
Shiba Inu’s creators revealed in February that they were in the early stages of developing a metaverse project codenamed Shiberse, adding that land parcels will be “available for purchase/auction very soon.”
Non-fungible tokens (NFTs) are a relatively new concept for luxury automakers. Porsche unveiled the Taycan NFT digital art car in December, while Lamborghini auctioned an NFT along with its last gasoline-powered Aventador in February.