In fact, according to the company, around 90% of its sales are now online and paid in cryptos. Typically, other traditional car dealers manage to operate within 30 miles of their primary location.Īuto dealers like Motorenn can serve customers from across counties and states with eCommerce. The good thing with crypto payments is that customers can complete transactions much faster and order from far away. California-Based Payment Company Adds Support For Shiba Inu, Enabling Merchants Worldwide. BitPay supports payments in 13 cryptocurrencies and SHIB is one of them. Use the CB Insights Platform to explore BitPays full profile. One thing is common about these developments: Shiba Inu is gaining ground as one of the most adopted cryptos being accepted for payments. Cardinale Automotive Group from California has gone this route too. MotoRenn isn’t the only auto dealer to start taking crypto payments. The company buys vehicles, pays utilities, and pays employees in dollars, so they chose that option.” Chou said. The retailer also chose an option that converts the crypto to dollars, so customers pay with crypto while Motorenn gets paid in dollars. MotoRenn dealt with these concerns by partnering with BitPay and letting that firm manage the regulatory aspect. “In automotive - especially with the large amounts - there’s always concerns of making sure that you’re in line with federal and state regulations, There’s a lot of complexity about cash payments, so how does crypto play into that? Crypto payments solve this problem by making instantaneous and more secure settlements. One of the issues with cash, according to the CEO, is the physical factor. In fact, before taking steps to accept crypto payments, Motorenn was known to prefer bank payments. “There’s A Lot Of Complexity About Cash Payments”Īccording to the company’s CEO, David Chou, Motorenn wants to make the vehicle buying process as flawless and as easy as possible for customers.Ĭhou admits that there are some complexities that come into play when customers use cash payments. However, customers are allowed to visit the Los Angeles outlet if they want to do a test drive before completing their purchase online. This means that customers don’t have to step into a motor showroom. MotoRenn is based out of Los Angeles, California, and operates a digitally driven e-commerce enterprise. To make it easier for customers to buy cars, Motorenn has now partnered with BitPay to accept crypto payments. It’s involved in selling luxury, premium used, and exotic vehicles. MotoRenn is a startup focused on growing its business through eCommerce. The company says users can pay with 13 different cryptos supported by Bitpay, including Shiba Inu. The most recent development comes from the motor sector.Īn auto retailing company called MotoRenn is now receiving Shiba Inu payments for lavish cars through Bitpay. Of late, there has been a flurry of retail and even expansive companies accepting payments in cryptos like SHIB. Ads Shiba Inu's acceptance as payment grows Shiba Inu's acceptance as payment continues to grow. Dogecoin, Bitcoin, Litecoin from available options.Once again, cryptocurrencies are winning, and Shiba Inu (SHIB) is one of the most impacted. BitPay officially began supporting the Shiba Inu coin in December 2021, which allowed SHIB to be spent at hundreds of BitPay merchants where Shiba Inu is accepted. During the Payment section of checkout select, the BitPay option then proceed to pay with bitpay.The pay with bitpay option is only available on desktop currently. * Newegg does not accept BitPay or any cryptocurrency for bank-issued gift cards. Newegg does not accept BitPay for the following types of purchases *: All returns will be made in the form of a Newegg Gift Card. Orders fully paid by BitPay are final and cannot be returned for BitPay or hard currency. You can select from the following currency options which BitPay supports: Shiba Inu Token (SHIB), Dogecoin (DOGE), Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Wrapped BTC, Dai, and 4 USD-pegged stablecoins (USDC, BUSD, PAX, GUSD).Ĭhecking out with BitPay on Newegg is easy and secure. What are the current digital currencies Newegg accepts when checking out with BitPay? Note: If you have purchased cyrptocurrencies on Robinhood, you will not be able to transfer it off that platform. To pay with Shiba Inu Token, edit your payment options when checking out and choose BitPay. You may have heard that we are now accepting Shiba Inu Token, but did you know that we also accept Litecoin, Dogecoin, Ethereum, Bitcoin, and other cryptocurrencies? In fact, we’ve been accepting digital currencies since 2014, when we were the first major retailer to accept Bitcoin as a payment option.
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