Shiba Inu, Bitcoin and other cryptocurrencies are now accepted as payment by St. Louis Park-based jewelry store Continental Diamond.

This move reportedly makes Continental Diamond the first jewelry store in Minnesota to allow its customers to use cryptocurrencies as payment. The jewelry store, which dates back to 1981, will be using crypto payments processor BitPay for its merchant services.

BitPay officially announced support for Shiba Inu in late 2021, which allowed spending SHIB at hundreds of BitPay merchants where Shiba Inu is accepted. Aside from Shiba Inu, BitPay also supports other cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC) and five USD-pegged stable coins (BUSD, DAI, GUSD, USDC and USDP).

Other luxury fashion brands and businesses have also started accepting cryptocurrencies. As reported by U.Today earlier, Gucci, one of the famous fashion brands, stated that it will start accepting Bitcoin, Dogecoin, Shiba Inu and some other cryptocurrencies at select locations in North America.

As previously reported by U.Today, Shiba Inu and other cryptocurrencies are also accepted as payments by luxury yacht charter and brokerage company Camper & Nicholsons. The 240-year-old company accepts cryptocurrency payments for its entire yacht fleet, for buying, chartering and all other services via BitPay.

Large holder buys $207 billion SHIB as price drops to $0.00001

ETH whale “BlueWhale0073” just bought 207,882,946,977 $shib ($2,365,707 USD).

Ranked #196 on WhaleStats: https://t.co/RBupemZyZX

Transaction: https://t.co/V1oK4nRInE#SHIB #ShibArmy

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) May 11, 2022

WhaleStats reports that a top ETH whale, “BlueWhale0073,” has bought 207,882,946,977 SHIB valued at $2,365,707. Shiba Inu briefly added a zero to its pricetag as it tumbled to lows of $0.000008 on May 12. SHIB has removed the zero and is trading at $0.0000106 at the time of publication.

As stated in an official Shiba Inu blogpost, Shiba Inu’s main financial components, Shibarium, SHI and SHIBFE, are presently in development and are nearing completion. Shiba Inu lead developer Shytoshi Kusama states in the blog post, “I refuse to give any hard dates at this time, but I expect to see one or multiple of these technologies before the end of summer or very early fall.”

Payment service provider BitPay has announced that a New York-based jewelry collection, SuperJeweler, now accepts cryptocurrencies—Shiba Inu inclusive through BitPay.

Just in time for Valentine’s Day. @SuperJeweler now accepts #crypto with #bitpay. Shop diamonds, engagement rings and other fine jewelry: https://t.co/Fsh4eqg9Cw pic.twitter.com/ppWpjVmXpe

— BitPay (@BitPay) January 24, 2022

Aside from Shiba Inu, BitPay supports leading cryptocurrencies such as Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Wrapped Bitcoin and five USD-pegged stable coins (BUSD, DAI, GUSD, USDP and USDC).

This implies that Shiba Inu holders can now shop diamonds, rings and other jewelry offered by the New York-based jewelry collection ahead of Valentine’s Day. The SHIB community is also preparing in earnest for the SHIB lovers’ V-Day burn party scheduled for Feb. 14 at 2:00 p.m. CST.

BitPay is the largest Bitcoin and cryptocurrency payment service provider in the world launched in 2011. BitPay set out to change the financial industry while Bitcoin was still in its early stages, making payments faster, more secure and less expensive around the world.

In December 2021, BitPay announced Shiba Inu integration into its wallet app, thus allowing storing, buying, swapping and spending SHIB.

Shib lovers’ Valentine’s Day burn party

U.Today earlier reported on the upcoming Shib burn parties slated for January to April, as stated in the roadmap. The Shib Lovers merch campaign is presently ongoing from Jan. 14 to Feb. 14. According to Bigger Entertainment, 80% of proceeds from all Shib lovers’ purchases will be used to burn SHIB.

A total of 94,756,430 million have been added to the SHIB burn pot ahead of the SHIB lovers’ V-Day burn party, as seen on the Bigger Entertainment website.

Burning Shiba Inu tokens permanently removes them from the circulating supply. This is done by sending the tokens to a special wallet with unobtainable private keys. The decrease in the circulating supply might eventually lead Shiba Inu’s price upward.

At press time, 410,301,499,932,240 SHIB have been burned out of the initial one quadrillion supply, according to ShibBurn. SHIB was also trading at $0.000021.