The US-based Kronos firm becomes the first publicly traded company in America to accept Shiba Inu as a payment method. The firm announced early this month that it is open to accepting SHIB as a form of customer payment. This puts SHIB on a high pedestal in the markets as the token is reaching publicly traded companies in the US. Only a few cryptocurrencies other than Bitcoin, Ethereum, and Dogecoin have been able to achieve this feat.
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Kronos: The First Publicly Traded Firm in the US To Accept Shiba Inu (SHIB)
Kronos is a multinational corporation in the US that engages in the development, manufacturing, and distribution of advanced air purification and filtration systems. The firm was founded in 1980 and accepted Shiba Inu as a form of payment and its primary work addresses air quality issues by producing material that eliminates allergens, bacteria, viruses, and other contaminants from indoor air. In addition, their product line includes air purifiers and personal protective equipment like self-sterilizing graphene air purification devices.
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After Kronos, many more publicly traded companies might accept Shiba Inu as a new payment method. Large companies are looking to penetrate the cryptocurrency market and find new customers. Easy payment methods will bring in a new generation of customers that can add value to the brand in the long run.
Also Read: Cryptocurrency Market: Shiba Inu & Dogecoin Fall 15%
Also, coming to Shiba Inu’s price, the token is down nearly 15% on Friday. The crash came after Bitcoin dipped 7% in the charts touching $54,000 in the day’s trade. SHIB mostly moves in tandem with BTC and therefore shed a large portion of its value. If the cryptocurrency market doesn’t recover during the weekend, then Shiba Inu has a high chances of adding an extra zero. A recovery from there could take months and test the patience of SHIB investors.
