Shiba Inu Now Accepted By New York-based Jewelry Collection Via BitPay: Details
Shiba Inu holders can now buy diamonds with SHIB on BitPay from the New York-based jewelry collection
Payment service provider BitPay announced that a New York-based jewelry collection, SuperJeweler, now accepts cryptocurrencies, including Shiba Inu via BitPay.
— BitPay (@BitPay) January 24, 2022
Apart from Shiba Inu, BitPay supports leading cryptocurrencies such as Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Wrapped Bitcoin and five USD pegged stable coins (BUSD, DAI, GUSD, USDP and USDC).
This means that Shiba Inu holders can now purchase diamonds, rings and other jewelry offered by the New York-based jewelry collection before Valentine’s Day. The SHIB community is also preparing in earnest for the SHIB enthusiasts’ V-Day burn party, scheduled for Feb. 14 at 2:00 PM CST.
BitPay is the largest payment service provider for Bitcoin and cryptocurrency in the world, launched in 2011. BitPay wanted to change the financial sector while Bitcoin was still in its infancy, making payments around the world faster, safer and cheaper.
In December 2021, BitPay announced the integration of Shiba Inu into its wallet app, allowing SHIB to be stored, bought, bartered and spent.
Shib lovers’ Valentine’s Day burn party
U.Today previously reported on the upcoming Shib fires scheduled for January to April, as noted in the roadmap. The Shib Lovers merchandise campaign is currently running from January 14 to February 14. According to Bigger Entertainment, 80% of the proceeds from the purchases of all Shib enthusiasts will be used to burn SHIB.
A total of 94,756,430 million have been added to the SHIB burn pot ahead of the SHIB enthusiasts’ V-Day firefest, as seen on the Bigger Entertainment website.
Burning Shiba Inu Tokens permanently removes them from the circulating supply. This is done by sending the tokens to a special wallet containing unobtainable private keys. The decrease in circulating supply could eventually cause the price of Shiba Inu to rise.
At the time of going to press, 410,301,499.932,240 SHIB have burned out of the first quadrillion supply, according to ShibBurn. SHIB also traded at $0.000021.