GameStop Adopts Shiba Inu and Dogecoin

The famed king of meme stocks, Gamestop (GME), and the popular meme  coins, Shiba and Doge, finally collide as the company starts accepting  these cryptocurrencies in its stores.

This update recently came to us all through the cryptocurrency payment  processor, Flexa, who announced that GameStop will now accept popular  pupcoins such as Shiba Inu and Dogecoin.

Earlier this year, Flexa's SPEDN app empowered the movie operator Regal Cinemas and  convenience store chain Sheetz in a similar manner of accepting cryptos for transactions as well.

American retail gaming giant GameStop became the forerunner of a new era  of retail stock trading quite a while ago; its a stock that almost no  one saw coming, no one except the members of Reddit’s r/WallStreetBets,  that is.

The members of this subreddit managed to rise GME’s value exponentially by voicing their opinions on this social media platform. At the time, the value of this stock rose from about $17 to nearly $480.

As for the argument of whether GME was truly an erstwhile underrated  stock, this matter is still up in the air. Many institutional investors  believe that the company’s actual value is, in fact, much lower than  it’s current trading value.

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