SHIBA INU Accepted at Restaurant in Paris
Market Musings

SHIBA INU Accepted at Restaurant in Paris

4 weeks ago
2m

You can now pay for coq au vin and ratatouille using one of 2021's best-performing altcoins... but is it a good idea?

SHIBA INU Accepted at Restaurant in Paris

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French cuisine: from coq au vin to cassoulet, boeuf bourguignon to confit de canard, the country has brought us an endless array of vibrant dishes.

And now, reports suggest that a Parisian restaurant is now accepting SHIBA INU as a payment method. 

A video shared on Facebook showed two “SHIBA INU accepted here” stickers in the window of Le Bistrot d'Eleonore et Maxence, an eaterie in the French capital.

All of this means the altcoins in your wallet could get you a creamy pumpkin soup for starters, a delicious risotto for mains, and a sumptuous dark chocolate ganache to finish the evening off. 

You’d even have the option to wash this down with a bottle of champagne.

The restaurant has won plenty of plaudits online — receiving glowing reviews for warm lighting, excellent service, and killer mojitos.

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Paying with SHIBA INU: Pros and Cons

Of course, a restaurant opting to accept this altcoin as a payment method is tres bon for adoption, but you might want to think twice before setting the bill with SHIB. 
Let’s imagine you went to Le Bistrot d'Eleonore et Maxence at the start of October — racking up a €150 tab by the end of the night.
Had you paid in SHIBA INU on the first of the month, your lovely dinner would have ended up costing about 20.6 million SHIB.
Fast forward to now, and that self-same crypto haul would now be worth €727.50 — that’s almost enough to pay for your dinner five times over.

SHIBA INU’s dramatic surge has also proved calamitous in other ways.

India’s Crypto COVID Relief Fund cashed out a donation of 50 trillion SHIB for $463 million earlier this year, but the altcoin’s recent surge means that the non-profit ended up losing out on more than $1 billion that could have gone toward tackling the crisis.