• Tue. Nov 2nd, 2021

Biggest cryptocurrency drop, Shiba Inu Bulls: Paris Bistro accepts this new meme coin

ByHazel R. Lang

Nov 1, 2021

Shiba Inu continues to gain traction as a bistro in Paris, France was seen accepting Shiba Inu coins as a form of payment from customers.

Nonetheless, cryptocurrency prices were uneven on Monday, November 1, with the world’s largest cryptocurrencies like Ethereum, Bitcoin, and Dogecoin by market cap trading slightly lower in value.

Ethereum price

Ethereum, the second largest cryptocurrency, and the unit linked to the Ethereum blockchain, fell more than 1% to $ 4,312.

Cardano prices rose more than one percent to $ 1.97, while Dogecoin prices rose 5% to $ 0.27.

Over the past 24 hours, other digital assets, such as XRP, Solana, Stellar, and Uniswap have seen increases as well. Shiba Inu, which has had a record rally in recent sessions, rose more than 5% to $ 0.000069.

Over the weekend, ether prices hit a new high. Its latest achievement comes as the digital token has surpassed Bitcoin by a sixth factor this year, due to the decentralized nature of crypto.

Ether is the basis of the Ethereum network, which is the most widely used blockchain for hundreds of decentralized applications.

Last week the system received a boost, thanks to a successful upgrade that made it faster and more power efficient.

Bitcoin price

Bitcoin has more than doubled in value over the past year, hitting a new high above $ 67,000 last month amid expectations of the launch of Bitcoin futures-backed exchange-traded funds in the United States, as well as lessening concerns about issues such as China’s crackdown on digital assets.

According to CoinDesk, Bitcoin’s rise in October appears to have put the cryptocurrency on solid footing ahead of central bank meetings in the US, UK and Australia, to monitor inflation rigidity and establish policy responses .

However, today’s Bitcoin price was $ 61,693, down 0.9%.

After hitting a record high of nearly $ 67,000 in October, it is up 112% this year.

Also Read: Shiba Inu vs Dogecoin Battle of Meme Cryptos: Price, Risks, Which is the Best Investment?

Paris Bistro accepting Meme Coin

Shiba Inu (SHIB) has recently been in the news and has gained undeniable popularity in the global market.

With this, a Paris-based cafe started accepting SHIB payments, as more mainstream outlets embrace the cryptocurrency which is currently 9th in terms of market capitalization.

According to Gadgets, the restaurant is the latest addition to a growing list of businesses nationwide that accept cryptocurrency payments.

Shiba Inu’s popularity among cryptocurrency investors has grown in recent weeks, leading to a significant increase in foot traffic in the restaurant since the announcement.

Additionally, a cafe in Paris France, named “Le Bistrot d’Eléonore et Maxence”, began accepting bill payments in Shiba Inu coins early last week, and the move was noticed by a passerby who shared a video of the facility on a public group. .

The video was eventually reposted on Twitter, with “Shiba Inu Accepted Here” stickers adorning the main entrance to the cafe.

Shiba Inu coin

EasyWallet, a global point-of-sale provider, and Easy2Play, a payment platform, unveiled an effort earlier this year to enable cryptocurrency payments at more than 25,000 retail establishments across France , as reported mint.

Customers will be able to pay for their purchases with Bitcoin once the project is launched in early 2022, and the system will instantly convert them into euros and deposit them into the seller’s account.

Deskoin and Savitar, now accredited under local law, will provide digital asset trading services.

In France, a popular meal delivery app called ‘Just Eat’ allows consumers to pay for food delivery using Bitcoin.

The project also demonstrates the favorable attitudes of residents towards digital currencies in the European Union (EU).

Related article: Profitability of Dogecoin Mining, Hashrate: How long does it take to mine? Is it worth it?

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