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"Dogecoin Killer" Shiba Inu Now Accepted by Argentine Real Estate Agency

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Thu, 10/21/2021 - 16:03
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Alex Dovbnya
Shiba Inu is seeing increasing merchant acceptance after a massive price run
"Dogecoin Killer" Shiba Inu Now Accepted by Argentine Real Estate Agency
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Shiba Inu, one of the biggest meme cryptocurrencies, is becoming increasingly popular with small merchants.

Candoli Propiedades, an Argentinian real estate agency in Santa Clara del Mar, a town located on the Atlantic coast of Buenos Aires, has announced that it now accepts the token inspired by the Japanese dog breed as a payment method.

Its customers can now put their SHIB holdings to work by buying or renting properties.

SHIB
Image by instagram.com

Within the same day, El Corte Mágico, a Spanish shop that sells fresh fruit and vegetables, also added support for the Dogecoin rival.

The uptick in merchant acceptance comes after the Shiba Inu cryptocurrency experienced another massive rally earlier this month.

SHIB is also being listed on a slew of exchanges and trading platforms, with Robinhood rival Public.com becoming the latest company to get behind the Dogecoin knock-off.

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Still, Shiba Inu is yet to gain traction with any major companies of the likes of Newegg.

Dogecoin, the top canine coin, has made significant strides in terms of adoption this year, with big brands embracing the Elon Musk-touted cryptocurrency. As reported by U.Today, AMC CEO Adam Aron recently announced that the world's largest movie chain would add support for DOGE in the first quarter of 2022.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.