This payment method is exclusively limited to Hublot USA eBoutique customers
Swiss Luxury Watchmaker hublot has said that its newly released 200 limited-edition watches can now be purchased online through BitPay using cryptocurrencies such as the Shiba Inu and bitcoin. This mode of payment is exclusively limited to customers of Hublot United States e-Boutique, it said in a tweet.
introduction of new #bigbangunico Essential Grey, a limited edition of 200 pieces available entirely online on the e-commerce platform https://t.co/FtQRk4LWq7. Exclusively on our Hublot United States e-Boutique, customers will be able to shop with Bitpay using select cryptocurrencies. pic.twitter.com/Ny2tct8lQ2
— hublot (@hublot) 21 June 2022
Crypto payment processor Bitpay officially announced support for the meme cryptocurrency Shiba Inu in late 2021, which allowed Shiba Inu to spend SHIB at hundreds of Bitpay merchants that accept it. In addition to the Shiba Inu, Bitpay also supports other cryptocurrencies such as Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, WrappedBitcoin, and five other USD-pegged stablecoins (BUSD, DAI, GUSD, USDC and USDP).
Other luxury fashion brands and businesses have recently indicated acceptance of cryptocurrencies to pay for goods. As previously reported by U.Today, Swiss luxury watchmaker Tag Heuer and St. Louis Park-based jewelry store Continental Diamond have announced to accept cryptocurrency through BitPay.
Gucci, a luxury fashion brand, said in May that it would begin accepting bitcoin, dogecoin, shiba inu and some other cryptocurrencies in select locations in North America.
216 million SHIB burned
According to the Shib Burn Twitter handle, in the last 24 hours, more than 216,301,162 SHIB tokens have been burned and 15 transactions have been done. The Shiba Inu burn rate is also up 134 percent Shibburn Website.
A total of 216,301,162 in the last 24 hours. have been $SHIB Token burn and 15 transactions. Visit https://t.co/t0eRMnyZel to see the total #shib Token burn, circulating supply, and more. #shibarmi
— shibburn (@shibburn) 21 June 2022
Shiba Inu Token Burn is an initiative by various entities within the SHIB community and aims to create scarcity by reducing the aggregate supply. As previously reported by U.Today, more than 70 million SHIBs were burned by Amazon-affiliated SHIB burners at the beginning of the week.
At the time of publication, the Shiba Inu was changing hands at $0.00001, up 30% in the last 24 hours and 14.31% in the past week.