You Can Now Spend Shiba Inu at GameStop, Lowe’s and Nordstrom

Shiba

GameStop, Nordstrom, Lowe’s, Petco, Bed Bath & Beyond and Ulta Beauty are among the merchants who can now accept Shiba Inu cryptocurrency

Flexa, a cryptocurrency payments company backed by the Winklevoss twins, has added support for Shiba Inu, according to a recent announcement.

This means that holders of the most popular meme can now spend it in approximately 40,000 stores across the United States.

The extensive list of supported merchants includes video game seller GameStop, luxury retailer Nordstrom, home improvement company Lowe’s, pet retailer Petco, domestic merchandise and home furnishings company Bed Bath & Beyond, beauty store chain Ulta Beauty and plenty of other major retailers.

Knoxville-based movie theater chain Regal Cinemas also partnered with Flexa last month to accept cryptocurrencies.

Starbucks also participated in the app’s trial but was swiftly pulled from the list of available merchants in spite of the viral photo that shows the Winklevoss twins making a payment with the help of the app.

Crypto payments are facilitated using Flexa’s Spedn cryptocurrency wallet which was rolled out in 2019. It initially supported four cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, and the Gemini Dollar stablecoin.

In May, Flexa also added Dogecoin, the original canine meme coin, to the lineup of available cryptocurrencies.

The network automatically converts cryptocurrencies to fiat so retailers don’t have to deal with the volatility associated with cryptocurrencies. Instant payments are made easier using Amp, an ERC-20 token that works as a crowdsourcing guarantee.

Newegg and AMC

Shiba Inu has been making significant inroads with merchant adoption over the past month.

Earlier this week, electronics retailer Newegg made an announcement regarding the acceptance of Shiba Inu payments earlier this week.

Movie theater giant AMC also plans to add Shiba Inu in early 2022, according to CEO Adam Aron.  

Additionally, Shiba Inu is also supported by BitPay, the world’s largest crypto payments provider.

Yet, the price of the token is down 60.39% from its lifetime peak in spite of these major adoption milestones.

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