Is Shiba Inu Winning as a Payment Method?
Shiba Inu (CRYPTO: SHIB) won last year when it came to market performance. This popular meme token soared a mind-boggling 45,000,000%. What drove gains? Mainly support from Shiba Inu's community -- a group of loyal followers known as the Shib Army. A general interest in up-and-coming tokens using the Shiba Inu dog as a mascot also helped. And finally, any news on merchants accepting Shiba Inu as a payment method boosted the value of this crypto player.
Speaking of payment methods, recently AMC Entertainment followed through on its earlier promise to accept Shiba Inu. The movie theater chain announced that it now accepts Shiba Inu for online payments. Could Shiba Inu win as a payment method -- and could that be its next growth engine?
Image source: Getty Images.
Source Fool.com
