SHIB Payments Now Accepted by Kronos Advanced Technologies

Kronos Accepts SHIB as Payment Method

U.S. publicly traded company Kronos Advanced Technologies (KNOS) has adopted SHIB as a payment option for its air purifiers, as disclosed in its June SEC filing.

Kronos acknowledges the popularity of SHIB among cryptocurrency users, with 1.38 million wallet holders as of 2024.

Greg Rubin, CEO of Kronos, stated, "We're excited to lead the way by accepting SHIB for our air purification products. This move reflects our embrace of emerging technologies and meets the demand for alternative payment options."

Historical Acceptance of Memecoins

In 2021, KNOS announced the acceptance of Dogecoin (DOGE) as a payment token.

Current Market Performance of SHIB

SHIB experienced a 1.23% decline in the past 24 hours, with a price of $0.00001718 at the time of writing.

Over the last week and month, it has dropped by 1.24% and 31.53%, respectively.

Despite a 3.54% decline in 24-hour trading volume to $175 million, SHIB's RSI remains near 34.07, indicating oversold conditions with limited price movement potential.