The Shiba Inu continues to expand into more and more services, expanding its presence and implementing SHIB as a means of payment.
A new partner to the popular Memecoin is decentralized ticket and hotel booking platform XcelTrip, which announced the implementation of SHIB as a payment method. So fans and holders of SHIB can now organize their own journey and pay for them in full using their favorite coin. According to XcelTrip, users can now book 2.3 million hotels, over 450 airlines and car rentals in over 70 countries using SHIB.
Oho @ShibainuCoin holder, $SHIB Now listed on Exceltrip.
use $SHIB To book your holidays visit https://t.co/ksvq9LMQOf.
2.3 million hotels
️ 450+ Airlinesdownload #exceltrip app and book your next #Holiday,
— XcelTrip-travel with crypto (@xceltrip) 25 May 2022
https://t.co/Whr3pj6Hxm #Shiba Inu #New listing pic.twitter.com/k5LFcTrISy
By offering SHIB as a payment method, XcelTrip is now joining the ranks of luxury brands such as Gucci and Tag Heuer, which in May announced the possibility of shopping with Memecoin.
We can safely expect SHIB to continue its expansion and be implemented by more and more companies. Rumors are also active about a possible collaboration between Shiba Inu and Red Bull. Although there are no details yet, a representative for the Shiba Inu quelled the rumors with his recent tweet, which mentioned a conversation between him and the famed energy drink maker.
thanks for the conversation about everything #shib ,@red Bull , Look forward to speaking more in the future! pic.twitter.com/ROh3RceFyS
— ShytoshiKusama™ (@ShytoshiKusama) 19 May 2022
Growth is there, but the price isn’t really
Despite a lot of positive news about the widespread acceptance of SHIB as a means of payment, the price of the token continues to decline. Neither the record-breaking daily token burning, nor the recruitment of leading experts in the entertainment industry, nor partnerships with world-renowned brands could stop the decline of SHIB quotes.
Token price is still largely determined by the general state of the market, which is not in the best shape right now. Nevertheless, the market will stabilize at some point, and the more the Shiba Inu team invests in the development of their project during the bear market, the more likely we will be able to see the coin’s explosive growth when bullish sentiment strikes.