Shiba Inu Now Accepted by New York-Based Jewelry Collection Through BitPay: Details

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Tomi­wabold Olajide

Shi­ba Inu hold­ers can now shop dia­monds with SHIB on Bit­Pay from New York-based jew­el­ry collection

Pay­ment ser­vice provider Bit­Pay has announced that a New York-based jew­el­ry col­lec­tion, Super­Jew­el­er, now accepts cryptocurrencies—Shiba Inu inclu­sive through BitPay.

Aside 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 implies that Shi­ba Inu hold­ers can now shop dia­monds, rings and oth­er jew­el­ry offered by the New York-based jew­el­ry col­lec­tion ahead of Valen­tine’s Day. The SHIB com­mu­ni­ty is also prepar­ing in earnest for the SHIB lovers’ V‑Day burn par­ty sched­uled for Feb. 14 at 2:00 p.m. CST.

Bit­Pay is the largest Bit­coin and cryp­tocur­ren­cy pay­ment ser­vice provider in the world launched in 2011. Bit­Pay set out to change the finan­cial indus­try while Bit­coin was still in its ear­ly stages, mak­ing pay­ments faster, more secure and less expen­sive around the world.

In Decem­ber 2021, Bit­Pay announced Shi­ba Inu inte­gra­tion into its wal­let app, thus allow­ing stor­ing, buy­ing, swap­ping and spend­ing SHIB.

Shib lovers’ Valentine’s Day burn party

U.Today ear­li­er report­ed on the upcom­ing Shib burn par­ties slat­ed for Jan­u­ary to April, as stat­ed in the roadmap. The Shib Lovers merch cam­paign is present­ly ongo­ing from Jan. 14 to Feb. 14. Accord­ing to Big­ger Enter­tain­ment, 80% of pro­ceeds from all Shib lovers’ pur­chas­es 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 lovers’ V‑Day burn par­ty, 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 with unob­tain­able pri­vate keys. The decrease in the cir­cu­lat­ing sup­ply might even­tu­al­ly lead Shi­ba Inu’s price upward.

At press time, 410,301,499,932,240 SHIB have been burned out of the ini­tial one quadrillion sup­ply, accord­ing to Shib­Burn. SHIB was also trad­ing at $0.000021.



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