First US Public Company Embraces Shiba Inu For Payments

Kronos Advanced Technologies Inc. (OTC: KNOS), a frontrunner in air purification technology, has announced its adoption of Shiba Inu (SHIB) as a viable payment method for its products. This strategic decision marks Kronos as the primary publicly traded company in the US to embrace SHIB, a cryptocurrency that has garnered significant attention and adoption inside the digital currency community.

Shiba Inu Adoption Progresses

Kronos Advanced Technologies disclosed this recent payment integration in its latest filing with the US Securities and Exchange Commission (SEC), signaling a sturdy step forward in its commitment to leveraging cutting-edge technology to boost consumer accessibility and satisfaction. As of the most recent data in 2024, there are roughly 1.38 million Shiba Inu wallet holders worldwide, which illustrates the widespread appeal and potential consumer base for Kronos’s advanced air purification systems.

Greg Rubin, CEO of Kronos Advanced Technologies, shared his vision behind this modern move. “Integrating SHIB as a payment option aligns with our forward-thinking ethos and dedication to embracing technological advancements,” Rubin explained. “By adopting SHiba Inu, we will not be only catering to a tech-savvy customer base but in addition enhancing our market adaptability and future-proofing our sales strategy.”

The acceptance of Shiba Inu stands to profit each Kronos and its customers, providing a seamless, secure transaction experience that enhances the corporate’s already advanced product offerings. Kronos’ decision to integrate SHIB into their payment options aligns with a wider strategic initiative to include multiple cryptocurrencies like Dogecoin (DOGE).

Kronos products, which utilize state-of-the-art high-voltage patented processes to maneuver, filter, and sterilize air without traditional HEPA filters, will now be much more accessible to those preferring using their crypto holdings for significant purchases. To mark this significant milestone, Kronos is implementing a limited-time promotion, offering a ten% discount to customers who purchase their air purifiers using SHIB.

This move by Kronos is indicative of a broader trend within the adoption of digital currencies by businesses seeking to tap into the cryptocurrency market’s growth and variety. Other industries, including technology and healthcare, have also begun to explore and implement cryptocurrency payment methods. Notably, the xPortal app has incorporated Shiba Inu into its crypto roster for card services, and Amoré Orthodontic Aligners recently adopted SHIB for its dental services.

The adoption of a cryptocurrency like Shiba Inu by a publicly traded company equivalent to Kronos not only serves as a testament to the viability of digital currencies in standard industrial transactions but in addition sets a precedent for other corporations considering similar integrations. It reflects a major shift towards more flexible, technology-driven consumer interactions within the business world.

At press time, SHIB traded at $0.00001713.

SHIB price hovers above crucial support, 1-day chart | Source: SHIBUSD on TradingView.com

Featured image from Shutterstock, chart from TradingView.com

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