A large increase in foot traffic has been seen at the restaurant after taking SHIB as a payment method. According to a tweet, Le Bistrot d’Eleonore et Maxence, a Parisian restaurant, has become the latest business to take Shiba Inu (SHIB) as payment. In a video, local resident and crypto investor Natheno Davy demonstrated how two new “Shiba Inu accepted here” stickers were placed above the other traditional payment options on the restaurant’s front entrance, making the news public to the rest of the globe.
Prior to filming, Davy claims he inquired of a restaurant staff about the possibility of accepting SHIB as a form of payment. Later, Davy and his friends went to the restaurant and spent EUR 250 ($290) on a buffet using the SHIB card they had received earlier.
Shiba Inu is gaining more popularity
According to the restaurant’s manager, a large boost in foot traffic has resulted from the video’s popularity on social media, with customers “thanking me for my efforts,” according to the restaurant’s manager. Davy, a seasoned investor, said that his most significant investment was in a Shiba Inu dog breed throughout his professional career. Currently, SHIB is my favorite cryptocurrency, which I use daily.
It is conceivable that cryptocurrencies will fundamentally alter the world. Shiba Inu has been more popular with institutional investors as a result of the ongoing bull market. At the time of writing, Dogecoin (DOGE) was the eighth most valued cryptocurrency, while SHIB was the ninth most valuable.
A Shiba Inu investment of $3,400 resulted in a profit of 94,278,239.8 percent for a part-time cryptocurrency trader who used the dog as a hedging strategy. An unnamed buyer of SHIB has made 44 transactions since August 2020, collecting a total of 70,200,003,107,594 SHIB worth $5.63 billion. The buyer has not been recognized.
Shiba Inu’s new presence and dominance
Shiba Inu has had a great week, rallying 150 percent and surpassing another earlier cryptocurrency with a beautiful dog mascot. However, although Shiba Inu and dogecoin began as jokes, they have now grown to be among the top ten biggest digital assets in terms of market capitalization, according to Coinbase. And it might be a precursor to what’s to come as cryptocurrencies continue to increase in popularity.
“They’re unique in their contribution to the advancement of digital banking,” according to Chris Kline, co-founder of Bitcoin IRA. He acknowledges that certain currencies may not survive the test of time and speculates on the industry’s capacity for meme coins.
However, regardless of whether particular ones survive, Kline is convinced that meme tokens, in general, will persist. “That is my primary point: they are clearly a part of the crypto revolution. They have arrived. They are an integral part of this notion, “he said.
Sources: The Insider, coinmarketcap
