Shiba Inu (SHIB), the hottest dog-themed token in the market, is now accepted by Swiss luxury watchmaker, TAG Heuer.
According to the report, the whole payment process will be facilitated by the leading crypto payments processor Bitpay.
Read Also: Shiba Inu and Dogecoin Now Accepted By New York-Based Jewelry Collection via BitPay
Tag Heuer added support for Shiba Inu (SHIB) on its own e-commerce platform along with 12 other cryptocurrencies listed on BitPay.
The cryptocurrencies used by BitPay to process payments include Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), Dogecoin (DOGE), USD Coin (USDC), Bitcoin Cash (BCH), Litecoin (LTC), Dai (DAI), Wrapped Bitcoin (WBTC), Gemini Dollar (GUSD), Pax Dollar (USDP), Binance USD (BUSD), and Ripple (XRP).
Swiss luxury watchmaker, TAG Heuer, decided to incorporate crypto payment after a significant increase in demand for crypto payments among its customers.
According to the luxury brand, customers that reside in the United States could spend as much as $10,000 of equivalent USD value in crypto. The report also says there is no minimum limit set for the purchase.
Reacting to the new development, the CEO of TAG Heuer, said:
“As a luxury brand, we had to ensure that our entrance into Web3 would meet our standards of excellence, and thanks to our nimble teams in-house and with the support of BitPay we are able to dive into this new financial world in the best way possible.”
Read Also: Shiba Inu (SHIB) Is Now a Payment Option for MotoRenn, an Auto Retailing Company
BitPay, the leading crypto payment processor with 13 listed digital assets, has been giving Shiba Inu (SHIB) much-needed exposure since it was added in December 2021.
Through BitPay, firms such as Robinhood have added support for Shiba Inu (SHIB) along with other listed digital assets.
Earlier this month, Equinox Group, a popular US-based fitness company, also announced the adoption of payments in cryptocurrency, including Shiba Inu (SHIB), for its services via BitPay. And a lot more adoption like this is expected for Shiba Inu in 2022.
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