- A Social media video goes viral as a man pays his bill using Shiba INU in a cafe.
- This is the first time a transaction of a mene currency has been recorded as a medium of exchange.
- Shiba inu recently saw a rally for more than 145% in seven day.
Class meets crypto
Recently a video on twitter has gone viral as a man is seen paying his bill using Shiba Inu in a cafe in France. The name of the cafe stands “Le Bistrot d’Eléonore et Maxence”, the cafe is reportedly located at 39 Avenue Duquesne.
The incident grabbed Spotlights when a local resident Natheno Davy, also a crypto investor, heard about the cafe and saw 2 markers that stated “ Shiba INU accepted here” outside the cafe. However before shooting the video, Davy did confirm it with one of the staffers of the cafe.
As the video went viral, The Bistro did confirm a dramatic increase in consumer footfall and also thanked Davy when he visited the cafe with his friends next. Davy again paid the bill of 230 EUR with the Shiba token, showing how cryptocurrencies can be used in day to day lives.
This was the first ever transaction of a meme currency seen to be used as a medium of exchange. The part time investor did believe that the video would help the token rally in its pricing and expressed that Shiba Inu has been his most worthwhile asset.
At the time of writing, the Doge killer has surpassed doge and has become the 9th largest cryptocurrency in the world by market capitalization. Recently, A dramatic increase of price in Shiba was witnessed as the token was listed on public app and calls for listing on robinhood petition got more than 300,000 signatures. At the time of writing Shiba is up more than 140% in a week.
The Implementation of Burn mechanism also made the token much more valuable, Where all excess tokens will automatically be destroyed. Such mechanisms are expected to help gain the trust of investors and users to use it as a medium of exchange in future.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.