Shiba Inu Gets Accepted By Samsung-Backed ZenGo; Will Samsung Start Accepting It Too?

Shiba Inu has been the darling cryptocurrency of investors the last few months. It has generated massive returns fo its holders but since the last two months, the price of Shib has halted its rise.

However, the loyal community of Shiba Inu, also referred to as ShibArmy continues to believe that a rally in its price is right around the corner. The cryptocurrency started out as a joke to dethrone Dogecoin, the biggest meme-coin on the planet.

However, Shiba Inu has now started being accepted by major companies of the world, including AMC and AskTheDr. Recently, Samsung-backed crypto wallet ZenGo also added Shiba Inu to it’s ecosystem.

What Is Zengo?

ZenGo is a non-custodial wallet, meaning that the users are in control of their investments rather than the company. ZenGo raised funding from investors in early 2021 and the investment-arm of Samsung also got associated with the crypto wallet company during the funding round.

With Samsung closely invested in ZenGo, there is a possibility that it starts accepting Shiba Inu in the future. The company has also ventured into the metaverse, having opened their first store in Decentraland for visitors.

The entire Web 3 revolution is happening in front of out eyes and the multi-national corporations of the globe are taking an active part in it.

The Rise of Shiba Inu

Companies have adopted cryptocurrencies as a mode of payment and Shiba Inu has also seen a widespread adoption in the recent weeks.

ShibArmy on Twitter promotes ‘buying the dip’ opportunities since this would be asure-shot way to riches according to them. However, leaving behind all the bright side of making massive returns with Shib, one must be very cautious in his/her investments.

The ShibArmy rejoiced after data from Etherscan and Blockchain Tracker revealed that two whales have acquired 6.5 billion Shib tokens in a span of less than 60 minutes. A Twitter handle shared the news with the Shiba Inu community and since then the post has gone viral.

What do you think about the whole story? Tell us your thoughts in the comments.

Shaheer is passionate about living a life seeking un-ending knowledge, philomath, as you may think of him. He's a student of Finance and a keen observer of Business and Indian-Political scenario who takes pleasure to pen down his views and opinions on the same. As his guiding mantra to life, ‘Come what may , life goes on’ helps.

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