The five-star hotel of Dubai, W Dubai – The Palm, started accepting payment in Shiba Inu (SHIB); Shiba Inu’s current value is $0.000009208. Besides Shiba Inu, Subway, one of the most popular and biggest fast food chains, allows customers to pay in BTC in three of its branches in Berlin.
W Dubai – The Palm is one of the best hotels in Dubai, owned by Al Sharq Investments, accepting payment in Shiba Inu reported by a blockchain-based travel platform Travala.
Travala informed about W Dubai – The Palm is accepting payment in Shiba Inu, and guests can pay for their whole accommodation fee in SHIB.
November 14, Shiba Inu price statistics
According to the coinmarketcap data of November 14, the Shiba Inu coin price is $0.000009.
Being a meme coin, the max supply of the coin is not available, with the total circulating supply of Shiba Inu coin being 590 Trillion549,063.28B SHIB. According to the ranking of coinmarketcap, Shiba Inu ranked in the 14th position.
History of Shiba Inu
Shiba Inu, a meme coin cryptocurrency, followed all the features of the blockchain. It was founded by an anonymous person or a group named ‘Ryoshi’ in August 2020. A cute Japanese dog originating in Central Japan features in the logo of the SHIB coin named after Shiba Inu, which seems to be more loyal to the customer.
The first meme coin was introduced to the world by software engineers Billy Markus and Jackson Palmer on December 23, 2013. They made the first meme coin called Dogecoin on the concept of a funny mode of payment among people.
Dogecoin and Shiba’s coin are the most popular among all the market meme coins. Meme coins became popular in 2021 when Elon Musk promoted Dogecoin.
Other acceptance of cryptocurrencies in Dubai
Other than Shiba Inu, cryptocurrencies like Bitcoin, Ether, Tether, and others are also being accepted in Dubai. The Palazzo Versace Dubai hotel also allowed other cryptocurrencies as a mode of payment for the guests.
Hotels in Dubai are attracted to the crypto market, and other businesses are also admiring cryptocurrency in Dubai.
Damac Properties, a Dubai-based real estate developer, announced in April that they would also allow customers to pay in cryptocurrencies.
Ali Sajwani, general manager of operations at Damac and head of the organization’s digital transformation initiatives, said, “This move towards customers holding cryptocurrency is one of our initiatives to accelerate the new economy for newer generations and for the future of our industry.”