California-headquartered electronics retailer Newegg is set to launch support for payment in Shiba Inu. The announcement was hinted at by Shiba Inu project lead Shytoshi Kusama in a Tweet from the Shiba Inu Twitter account and confirmed by a Newegg tweet. Newegg already accepts DOGE, BTC, LTC, Bitcoin Cash, ETH, USDT, Wrapped BTC, and Dai via the crypto wallet app Bitpay, and began accepting crypto in 2011. Bitcoin was the first cryptocurrency accepted by Newegg. Bitpay enables Newegg to increase its margins by removing credit card fees. Newegg was offering a 20% discount for customers who pay with crypto on Nov. 27, 2021.
BitPay has claimed that they have not received a single chargeback request for a bitcoin payment, since commencing businesses during bitcoin’s infancy in 2011.
May 2021 saw an initial tweet describing Newegg’s search for a new pup, following which SHIB rose 20% for a short while, before settling to $0.000043.