California-based Cardinale Automotive Group now accepts Shiba Inu (SHIB) and 11 altcoins as payment via BitPay.
Shiba Inu (SHIB) and 11 altcoins payable at 22 dealers
Cardinale Automotive Group, a Marina-based California company specializing in high-end automobiles, announced that it will accept payments with Shiba Inu (SHIB) . Marina is a city located in Monterey County, California. With this move, Cardinale Automotive Group all 22 vehicle dealerships in Arizona and Nevada will now accept Shiba Inu as payment using BitPay.
The company’s decision is driven by the growing blockchain adoption of the financial world. Many people now want to transact electronically instead of cash. As a result, in recent years we have seen many companies adopt cryptocurrencies with intermediary platforms like BitPay. The automotive giant also aims to attract new companies with this election. John Guru, Corporate General Manager and Director of Digital Assets, Cardinale Automotive says:
Our automotive group is very forward-thinking in the view that Bitcoin is the way of the future and an inflation hedge. We understand that almost all transactions are now completed electronically. Nothing is done with currency these days and we firmly believe in digital.
John Guru also stated that they will enlist BitPay’s help to make the adoption of Bitcoin viable in their company:
BitPay oversees the entire process by converting the customer’s cryptocurrency into dollars deposited into our bank account the next business day.
About BitPay
BitPay is a firm that provides companies with powerful, enterprise-grade crypto adoption and spending solutions, enabling them to enter a $1 trillion crypto market. The firm currently accepts 13 cryptocurrencies, which make up 70% of the worldwide cryptocurrency market, including five USD-pegged stablecoins. As we quoted
Kriptokoin.com, BitPay’s list includes the following cryptocurrencies.
- Bitcoin (BTC)
- Ethereum (ETH)
- Shiba Inu (SHIB)
- Dogecoin (DOGE)
- USD Coin (USDC)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Dai (DAI)
- Wrapped Bitcoin (WBTC)
- Gemmini Dollar (GUSD)
- Pax Dollar (USDP)
- Binance USD (BUSD)
- Ripple (XRP)
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