Shiba Inu (SHIB) Now Accepted by Swiss Luxury Watchmaker Hublot

Hublot, a Swiss luxury watchmaker, has announced that its recently released 200 limited-edition watches may now be purchased online using cryptocurrencies such as Shiba Inu and Bitcoin through BitPay.

This means of payment is exclusively limited to customers of the Hublot United States eBoutique, it stated in a tweet.

BitPay, a cryptocurrency payments processor, formally announced support for meme cryptocurrency Shiba Inu in late 2021, allowing SHIB to be spent at hundreds of BitPay retailers who accept Shiba Inu.

Aside from Shiba Inu, BitPay also supports other cryptocurrencies like Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Wrapped Bitcoin and the five other USD-pegged stablecoins (BUSD, DAI, GUSD, USDC and USDP).

Other premium fashion labels and businesses have also signalled their willingness to accept bitcoins as payment for items.

Swiss luxury watchmaker Tag Heuer and St. Louis Park-based jewelry store Continental Diamond announced accepting cryptocurrencies via BitPay.

Gucci, a luxury fashion brand, stated in May that it will start accepting Bitcoin, Dogecoin, Shiba Inu and some other cryptocurrencies at select locations in North America.

According to the Shib Burn Twitter handle, approximately 216,301,162 SHIB tokens have been burnt in the previous 24 hours, with 15 transactions taking place.

The Shiba Inu burn rate is also up 134%, per the Shibburn website.