Vegas Auto Gallery, a luxury auto dealership in Las Vegas, has added Shiba Inu to its list of cryptocurrency payment options, the company announced on Saturday.
It was founded in 2018 by industry veterans Nick Dossa and Ed Ghaben and boasts an impressive fleet of high-end vehicles. The showroom at the dealership features a wide range of brands, including Lamborghini, Aston Martin, Rolls-Royce, and Bentley.
Dossa revealed in December that Bitcoin purchases accounted for up to 5% of the dealership’s total revenue.
Because cryptocurrency transactions are automatically converted into dollars by leading crypto payment processor BitPay, Vegas Auto Gallery is not exposed to the risks associated with high price volatility.
Shiba Inu, which was initially dismissed as a Dogecoin clone, has recently gained significant traction with merchants.
On Friday, major electronics retailer Newegg hinted that the meme coin might be added as a payment option.
AMC CEO Adam Aron announced earlier this week that BitPay had agreed to accept Shiba Inu. In two months, the world’s largest movie theater could add SHIB to its list of available cryptocurrencies.
Smaller merchants are also taking notice of the Ethereum-based cryptocurrency. In late October, a Parisian bistro made headlines for accepting Shiba Inu payments.