This means of payment is exclusively limited to customers of the Hublot United States eBoutique
Swiss luxury watchmaker Porthole said its 200 new limited-edition watches can now be purchased online using cryptocurrencies such as Shiba Inu and Bitcoin via BitPay. This payment method is exclusively reserved for customers of the Hublot United States eBoutique, he said in a tweet.
Crypto payments processor BitPay officially announced support for meme cryptocurrency Shiba Inu in late 2021, which allowed spending SHIB at hundreds of BitPay merchants where Shiba Inu is accepted. Aside from Shiba Inu, BitPay also supports other cryptocurrencies like Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Wrapped Bitcoin and the five other USD-pegged stablecoins (BUSD, DAI, GUSD, USDC and USDP).
Other luxury fashion brands and companies have recently indicated their acceptance of cryptocurrencies for payment of goods. As previously reported by U.Today, Swiss luxury watchmaker Tag Heuer and St. Louis Park-based jewelry store Continental Diamond have announced that they accept cryptocurrency via BitPay.
Gucci, a luxury fashion brand, stated in May that it will start accepting Bitcoin, Dogecoin, Shiba Inu and some other cryptocurrencies at select locations in North America.
216 million SHIB burned
According to Shib Burn’s Twitter account, in the past 24 hours, over 216,301,162 SHIB tokens have been burned and 15 transactions have been completed. Shiba Inu burn rate is also up 134%, according to the Shibburn website.
Shiba Inu token burn is an initiative carried out by various entities within the SHIB community and aims to create scarcity by reducing the total supply. As previously reported by U.Today, over 70 million SHIB were burned by the Amazon-affiliated SHIB burner at the start of the week.
At press time, Shiba Inu was changing hands at $0.00001, up 30% in the past 24 hours and up 14.31% in the past week.