Shiba Inu and Dogecoin are now accepted in thousands of restaurants in over 65 countries, thanks to a new agreement between Lavu and Verifone.
According to a statement, the cross-distribution cooperation between Lavu and Verifone will “seamlessly integrate” both companies’ software to enable enhanced payment methods at thousands of eateries. These enhanced payment methods will be available at a unified point-of-sale to improve the payment experiences of customers.
Millions of restaurants will be able to better match quickly altering consumer behaviour, most notably the faster migration to digital and split payments, with access to Verifone’s Advanced Payment Methods platform. Whether splitting a bill with a large group, paying with cryptocurrency, or spreading payments over time, the Verifone user experience is straightforward: clients select their preferred advanced payment method on the Verifone terminal and finish the transaction with their mobile device.
“Our partnership with Verifone advances our mission to help even more restaurants reach new customer segments and remain profitable during an increasingly challenging time,” says Saleem S. Khatri, CEO of Lavu. “Especially over the past two years, consumers have acclimated to contactless, cardless and flexible payment methods, and we’re excited to call Verifone our ally in ensuring that restaurateurs meet these customer needs amidst inflationary pressures and staffing shortages.”
“There’s massive interest from dining establishments to expand their payment acceptance options as consumer trust in these popular digital wallets accelerates,” adds Tim O’Loughlin President and EVP, Verifone. “We’re excited to partner with Lavu to provide an unparalleled end-to-end experience for restaurant merchants by joining the most adaptable restaurant POS system with our payment solutions and suite of Advanced Payments Methods.”
Rumored Shiba Inu & Red Bull Collab
Shytohi Kusama, Shiba Inu‘s main developer, recently tweeted about a conversation with energy drink manufacturer Red Bull, writing, “Thanks for the chat about everything SHIB .@redbull! Looking forward to speaking more in the future.” The post also included a GIF showing a man soaring through the air while wearing a Red Bull helmet.
Shytoshi did not provide many information, but the tweet could imply that discussions for future collaboration are continuing. Shiba Inu ties with the food business are not new; in early February, SHIB launched its relationship with Welly’s, a fast-food establishment situated in Naples, Italy. As of press time, Red Bull has not provided any formal confirmation.
The new collaboration comes at a time when Shiba Inu’s burn rate is soaring, with a record 12.8 billion SHIB burned in just 24 hours after the cryptocurrency’s burn portal began awarding $RYOSHI prizes to people who burn tokens.
Since the cryptocurrency’s inception, a total of 410.35 trillion SHIB has been burned. Shiba Inu initially had a total supply of one quadrillion tokens, but half of them were locked in a smart contract to provide liquidity on the decentralised market Uniswap, while the other half were sent to Ethereum co-founder Vitalik Buterin.