Due to the recent rise in popularity of the industry, popular digital assets like Shiba Inu, Dogecoin, and Bitcoin have experienced an increase in use cases as a payment option. Several brokerage companies are now also taking Bitcoin, Dogecoin, and Shiba Inu as viable payment options for their services, despite the crypto industry’s record-breaking slump.
The first brokerage firm to accept cryptocurrency payments was Denison Yachting, based in the US. The firm started accepting crypto as far back as 2014 and has accepted Bitcoin payments for 17 yachts. Additionally, Denison Yachting also mines the flagship digital asset.
One of the more established companies in the industry, Camper & Nicholsons, also made the leap in June by joining forces with BitPay to accept Shiba Inu and other digital assets. The 240-year-old brokerage firm claimed that the purpose of its choice was to attract new clientele for its business.
More recently, Yachtzoo, a Monaco-based brokerage firm, has partnered with leading crypto payment service provider BitPay to enable payments for its yacht in Shiba Inu, and Dogecoin, alongside other digital assets supported by the service provider.
According to a SuperYacht Times report, the expectation of these firms is that the crypto industry will recover to old heights soon.
Meanwhile, food delivery companies like Uber Eats, DoorDash, and Grubhub have also enabled crypto payments via BitPay.
The crypto industry is still witnessing one of the largest value declines in its history. Flagship digital assets like Bitcoin, Ethereum, Dogecoin, and Shiba Inu have recorded around 50% decline in their values in the last 30 days.