California Business “The Cardinale Automotive Group” Now Accepts Shiba Inu (SHIB) as a Payment via BitPay.
The Cardinale Automotive Group, one of the California businesses headquartered in Marina that deals in quality automobiles added support for Shiba Inu (SHIB). Marina is a city in Monterey County, California, United States.
The Cardinale Automotive Group will now accept Shiba Inu as payment through BitPay, in all of its 22 car dealership stores located in the following three US states California, Arizona, and Nevada.
The decision comes after the car dealership company realized that the financial world is transforming fast. Now, people use to exchange electronic money more compared to cash. So, the acceptance of cryptocurrency at this moment is a need of the hour. With this decision, the company also hopes to attract new businesses to them.
John Guru, Corporate General Manager and Director of Digital Assets said:
“Our automotive group is very forward-thinking on their belief that cryptocurrency is the future and a hedge against inflation. We realize that almost all transactions are done electronically now. Rarely is anything done with cash and we strongly believe in digital assets.”
John Guru also confirmed that they will take the help of BitPay, in order to make the acceptance of cryptocurrency possible in their business. He said:
“BitPay manages the entire process turning the customer’s crypto into dollars deposited into our bank account the next business day.”
BitPay is a company that gives businesses access to a $1+ trillion crypto market by providing them with powerful, enterprise-grade tools for crypto acceptance and spending. The company currently accepts a total of 13 cryptocurrencies which account for 70% of the global crypto, including 5 USD-pegged stablecoins.
The list includes Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), Dogecoin (DOGE), USD Coin (USDC), Bitcoin Cash (BCH), Litecoin (LTC), Dai (DAI), Wrapped Bitcoin (WBTC), Gemini Dollar (GUSD), Pax Dollar (USDP), Binance USD (BUSD), and Ripple (XRP).