Vegas Auto Gallery, a Las Vegas-based luxury auto dealership, has added Shiba Inu to its roster of available cryptocurrency payment options, the company announced Saturday.
Launched by industry veterans Nick Dossa and Ed Ghaben back in 2018, it boasts an impressive fleet of high-end cars. The dealership’s showroom features a vast array of brands, including Lamborghini, Aston Martin, Rolls-Royce and Bentley.
Last December, Dossa revealed that Bitcoin purchases had accounted for up to 5% of the dealership’s total revenue.
Cryptocurrency transactions get automatically converted into dollars via leading crypto payment processor BitPay, which is why Vegas Auto Gallery doesn’t face any risks linked to high price volatility.
As reported by U.Today, major electronics retailer Newegg hinted at possibly adding the meme coin as a payment option on Friday.
Earlier this week, AMC boss Adam Aron announced that BitPay had agreed to accept Shiba Inu. The world’s largest movie theater could add SHIB to its selection of available cryptocurrencies in two months from now.
The Ethereum-based cryptocurrency is also gaining steam with smaller merchants. A bistro in Paris made headlines after enabling Shiba Inu payments in late October.