Kronos Advanced Technologies, a U.S.-based company, made headlines by becoming the first public company in the United States to accept Shiba Inu (SHIB) as a form of payment. In a recent SEC filing, the company expressed its excitement about integrating SHIB payments, aiming to provide a seamless and secure transaction experience for customers. CEO Greg Rubin stated that they are thrilled to accept SHIB for their air purification products, emphasizing the token’s remarkable growth and widespread adoption among cryptocurrency enthusiasts.
Shiba Inu, known as the “second-largest meme coin by market capitalization” after Dogecoin, has seen significant growth in recent years with approximately 1.38 million SHIB wallet holders as of 2024. This widespread ownership played a crucial role in Kronos’ decision to accept SHIB as a payment method. The company recognizes SHIB as a decentralized cryptocurrency with a significant following and considers it one of the most promising digital assets in the market, offering customers a new way to invest in their health and well-being.
To celebrate this milestone, Kronos is launching a limited-time promotion for customers who pay with SHIB, offering a 10% discount on orders using the coupon code “SHIBARMY10.” This initiative aims to encourage the use of SHIB as a payment method and enhance the value proposition for Kronos’ customers. By accepting SHIB, Kronos joins a growing trend of companies integrating cryptocurrency payments, positioning itself as a leader in the air purification industry and catering to a tech-savvy customer base that values innovation and convenience.
With the acceptance of SHIB payments, Kronos Advanced Technologies is setting a precedent for other companies to follow suit in embracing cryptocurrency payments. This strategic move highlights the potential for cryptocurrencies to revolutionize traditional business models, offering new opportunities for growth and customer engagement. CEO Greg Rubin expressed confidence that the partnership with SHIB will enhance customers’ experience and solidify Kronos’ position as a leader in the industry, demonstrating a commitment to embracing technology and innovation.
Despite the significant volatility in the cryptocurrency market, SHIB has shown resilience with a 99% increase in value year-to-date, despite a 35.67% decline in the last 30 days. At the time of writing, SHIB was trading at $0.0000152, reflecting a 5.77% decline over the past 24 hours, according to CoinMarketCap data. The decision to accept SHIB payments signals Kronos’ willingness to adapt to market trends and customer preferences, positioning the company at the forefront of the digital payment revolution and demonstrating a commitment to meeting the evolving needs of its customer base.
