Shiba Inu, Dogecoin, Bitcoin and other crypto assets can now be used as a payment means after Yachtzoo, a leading yacht service company, partnered with BitPay, a prominent crypto processor. This development will allow customers to pay for services in crypto.
Other cryptocurrencies supported by BitPay include Ethereum, Bitcoin Cash, Litecoin, XRP, Dai, Wrapped Bitcoin (WBTC) and stablecoins.
It is interesting to note that Yachtzoo is not the first of its kind to delve into the world of crypto. In May, a luxury yacht charter and brokerage company, Camper & Nicholsons, began to accept cryptocurrencies via BitPay.
So far, the 240-year-old company allows its clients to pay for its entire yacht fleet for buying, chartering and all other services using crypto.
Another yacht company, SuperYachtsMonaco, a boutique yacht brokerage headquartered in Monaco, recently announced its partnership with BitPay, which sold a 40.2-meter Benetti motor yacht, Oryx, using the crypto payments processor.
More Development for Shiba Inu and Other Cryptocurrencies
Despite the current state of the cryptocurrency market, Shiba Inu and other digital assets are still staying relevant to investors and businesses worldwide as adoption is increasing.
Prominent businesses like Apple, Uber Eats, DoorDash, and Coinbase Commerce have partnered with BitPay to accept crypto payments from users. Even countries like El Salvador and the Central African Republic are creating means to adopt Bitcoin as a legal tender.
At the time of writing this article, Coingecko reported that the global cryptocurrency market cap had reclaimed $1 trillion. While many experts may see this development as a bull trap, the market is still in the prime of growth in the coming weeks.