The Shiba Inu (SHIB) coin meme has been accepted by Flexa, a crypto payment startup sponsored by the Winklevoss twins. This means that the highly popular meme coin can be used to purchase in over 40,000 locations throughout the United States.
Video game retailer GameStop, luxury retailer Nordstrom, home improvement retailer Lowe’s, pet retailer Petco, domestic products and home furnishings shop Bed Bath & Beyond, beauty store chain Ulta Beauty, and a slew of other large stores are among the merchants that have signed on.
The network instantly converts cryptocurrencies to fiat currency, removing the risk of cryptocurrency volatility for shops. The use of Amp, an ERC-20 token that serves as crowdsourced collateral, allows for instant payments.