Swiss Luxury Brand Hublot Now Accepts Shiba Inu and Other Crypto at U.S. Stores
Swiss luxury watchmaker Hublot has announced that its recently launched 200 limited-edition watches may now be purchased online using Shiba Inu and Bitcoin through BitPay. This payment method is restricted to buyers of the Hublot United States eBoutique, according to a tweet from the company.
In late January 2021, crypto payments processor BitPay formally announced support for Shiba Inu, allowing SHIB to be spent at hundreds of BitPay retailers where Shiba Inu is accepted. BitPay also supports Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Wrapped Bitcoin, and the five other USD-pegged stablecoins in addition to Shiba Inu (BUSD, DAI, GUSD, USDC and USDP).
Recently, many luxury fashion labels and enterprises have announced their willingness to accept bitcoins as payment for items. As initially disclosed by U.Today, Tag Heuer, a Swiss luxury timepiece, and Continental Diamond, a St. Louis Park diamond shop, have announced that they would take cryptocurrency through BitPay.
Gucci, a premium apparel business, said in May that it would take Bitcoin, Dogecoin, Shiba Inu, and other cryptocurrencies at certain North American sites.
216 million SHIB were lost
According to the Shib Burn Twitter account, approximately 216,301,162 SHIB tokens have been burnt and 15 transactions have occurred in the last 24 hours. The Shiba Inu burn rate has also increased by 134%, according to the Shibburn website.
The burning of Shiba Inu tokens is a community-wide effort to generate scarcity by decreasing the overall supply. As previously reported by U.Today, the Amazon-affiliated SHIB burner burnt almost 70 million SHIB at the beginning of the week.
Shiba Inu was selling for $0.00001 at the time of publishing, up 30 percent in the previous 24 hours and 14.31 percent in the previous week.