Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
The restaurant has reported a sudden spike in foot traffic after adding SHIB as a payment method.
Le Bistrot d'Eleonore et Maxence, a restaurant in Paris, France joins the growing list of mainstream businesses to add Shiba Inu (SHIB) as a payment method.
The information came to light from a video shared by a local resident and crypto investor Natheno Davy, showing that the restaurantâs main entrance sported two new âShiba Inu accepted hereâ stickers right above the other traditional payment options.
Shiba accepted in a restaurant in PARIS
Eleanor and Maxence
39 Avenue Duquesne
75007 -Paris
France
Shib will be the biggest regret as the bitcoin laggards were
#ShibArmy
#SHIB #shiba #ShibaSwap
#crypto #ShibaCoin #Robinhood #SHIBARMY pic.twitter.com/7HcMDxX6ZPâ Crypto Master (@NathKamga) October 25, 2021
Speaking to Cointelegraph, Davy said that he approached a staff member of the restaurant to reconfirm the addition of SHIB as a payment method before taking the video:
âPrecisely at that moment, a group of four men paid their lunch bill using Shiba Inu. It was magic!â
Davy later revisited the restaurant with his friends and paid for a EUR 250 (approximately $290) buffet with SHIB. As the video went viral on social media platforms, the restaurant confirmed a sudden spike in foot traffic, âthanking me for my work.â
âThe restaurant has now become the best in the area. Locals are expecting a wave of restaurants to start accepting cryptocurrencies as a payment method.â
As a seasoned investor, Davy revealed that Shiba Inu has been his best investment across his career. âI love cryptocurrency, especially SHIB. Crypto has the power to change everything.â
The mainstream adoption of Shiba Inu is a direct result of an ongoing bull run that continues to attract support from new investors. At the time of writing, SHIB surpassed Dogecoin (DOGE) to become the ninth largest token in terms of market capitalization.
Related: Someone bought $3,400 worth of SHIB last August. Itâs now worth $1.55 billion
A part-time crypto investor realized 94,278,239.8% in profit from a $3,400 investment in Shiba Inu.
As Cointelegraph reported, an anonymous person bought SHIB 44 times since August 2020 and accumulated 70,200,003,107,594 SHIB in the process, which is now worth $5.63 billion.
At the same time, the SHIB bull run has had a negative impact on the price of Dogecoin.
By CoinGecko's measurement, $SHIB has definitively flippened $DOGE. An absolutely historic day for memecoins https://t.co/z5GZ0w4X8c pic.twitter.com/ag55OqQMlK
â Joe Weisenthal (@TheStalwart) October 27, 2021
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.