Good news for Shiba Inu, Dogecoin investors! US logistics firm will accept both tokens.
mong the meme based cryptocurrencies, Shiba Inu and Dogecoin are the most popular among investors. Their popularity is going to increase further as these BitPay-backed cryptocurrencies are now being accepted by Noyak Logistics Income (NLI), a REIT company investing in supply chain real estate. A REIT is a company that owns or operates income-generating real estate or similar related assets.
This partnership with BitPay allows investors to invest in Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC) and US Dollar (USD). The linked five stable coins will help it meet its commitments with BUSD, DAI, GUSD, USDC and USDP. Which in other sense will increase the acceptance for cryptocurrencies.
BitPay CEO Stephen Peir said in a press release that the partnership was born out of a large number of investors looking to transfer cryptocurrency allocation to physical assets, such as real estate. The company also shared it through a post on Twitter.
Apart from this, American theater chain AMC Theaters has also long ago announced to start accepting payments in mime cryptocurrencies Dogecoin (DOGE) and Shiba Inu. From March 19, AMC Theaters has been told to start payment with meme based cryptocurrency. For this, transactions will be done through BitPay.
BitPay is a crypto payment service provider platform and AMC Theaters is the world’s largest theater chain operating in close to 1000 locations across the globe. BitPay did not support Shiba Inu when AMC Theaters announced it would accept payments in DodgeCoin and Shiba Inu in November last year. The company’s CEO at the time, Aaron, claimed that upon his request, Bitpay had decided to support the Shiba Inu. Currently Dogecoin andThe Shiba Inu price in India is $0.12 (approximately Rs.9.14) and $0.00002308 (approximately Rs.0.001727) respectively.