Mainstream adoption of Shiba Inu (SHIB) is on the rise – especially in Spain and Venezuela. Dedicated Shib Growth Breed members and SHIB Spanish Community lead the project from the front.
One of the active SHIB Growth Breed members, Xanders Shib, recently came up with the recent update on mainstream adoption and reported that one of the local businesses involved in selling auto parts now accepts the Shiba Inu token as a form of payment on their store. The business name is “Repuestos DOCARR,” and is located in San Felix-Bolívar.
San Felix is a Venezuelan community in the Caroni Municipality, one of the 11 municipalities that make up the Venezuelan state of Bolivar. The city of Guayana City is the shire town of the Caroní Municipality.
Looking into the business’s Instagram page, we found that the company specializes in dealing with Fiat and Renault spare parts.
As per Xanders Shib, this marks the 117th business establishment in the country for having accepted SHIB as payment.
Today a new establishment joins Usability??.
They are "Repuestos DOCARR" Located in San Felix-Bolívar and sell auto parts. They are the establishment 120 that accepts Shiba Inu as a payment method in Venezuela. WOOF!
This is their Instagram: https://t.co/GPDEs6kD0N pic.twitter.com/bDjY9wfMie
— Xanders Shib?? (@ShibaXanders) April 6, 2022
On Wednesday, Xanders Shib shared the update on Shiba Zone, a food park inspired by SHIB currently under construction, with the community and said, “Usability continues to grow” for SHIB in Venezuela.
Following his tweet, Shytoshi Kusama, a lead developer of SHIB himself, responded to his tweet while expressing gratitude to him for his effort in the SHIB project.
The tweet reads:
“I love this. Big things are just starting there in Venezuela! Thank you, @ShibaXanders, for the hard work on this.”
I ABSOLUTELY love this. Big things just starting there in Venezuela! Thank you .@ShibaXanders for the hard work on this https://t.co/OYJa654wsX
— Shytoshi Kusama™ (@ShytoshiKusama) April 6, 2022
On the other hand, the official SHIB Spanish Community reported via tweet that a new business called “Nova Taxi” now accepts SHIB as a form of payment method.
WOOF!! https://t.co/0DUk7YdrUK
— Shytoshi Kusama™ (@ShytoshiKusama) April 8, 2022
As per the details provided by the Spanish Community, Nova Taxi is a company that gives 24-hour service to their clients residing in Arroyomolinos and Móstoles (Community of Madrid, Spain).
Due to the hard work of SHIB Growth Breed Members, more and more businesses are now pouring into the Shiba Inu ecosystem and accepting it as a form of payment method in exchange for their services.
Why Is Shiba Inu Keeps Decreasing in Price Despite Having So Many Developments?
Even though more than 600+ businesses are now accepting SHIB as a payment method, these developments seem to impact SHIB price. Here’s Why?
There is no doubt Shiba Inu’s mainstream adoption is on the rise worldwide and is not limited to Venezuela and Spain only. But still, there is a long way to go, as there are not many people who purchase products by paying with Shiba Inu. But Why?
As per the recent stats revealed by Triple-A, there are currently over 300 million crypto users in the world. Over 18,000 businesses are already accepting cryptocurrency payments. Whereas the world’s total population is 7.9 billion, as per Worldometer. This means only 3.7% of the world’s population are crypto users and the rest of the 96% are still yet to introduce themselves to the crypto space, and this development will take a few years.
In short, when more people come to join the crypto space, the cryptocurrencies, along with Shiba Inu, will have more utility in real. More people will exchange hands with cryptocurrencies in exchange for services and products. This would be when the world might experience a sharp increase in SHIB price and many other popular ones.
At the time of writing, Shiba Inu’s price is trading at $0.00002455, showing an almost 3% decrease over the last day. The 24-hour trading volume for the token also nosedived more than 47% compared to the previous day and currently stands at $556,324,265.68 ($556.32M).
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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