The proprietor of Shiba Wings claims that his establishment’s cuisine is quite popular, whereas the currency is not

Despite its moniker, the SHIB-themed cafe mostly deals with fiat currency when selling hot wings, burgers, and beverages.

Since it opened in March, fast food restaurant Shiba Wings in Australia has been a hit with locals and tourists alike.

“Elijah,” the restaurant’s pseudonymous proprietor, told Cointelegraph that they took around AUD 250 ($168 USD) in cryptocurrency the first week they opened. Total cryptocurrency payments then levelled down in the following months, averaging to around 50 Australian dollars ($34) each week on average.

But Elijah thinks that’s fine, as cryptocurrency payments aren’t the company’s main focus. Elijah has said he is more concerned with expanding the Shiba Wings name and offering high-quality meals.

It was more of a bonus feature [crypto payments]. Avoid becoming “that Bitcoin guy who bought the pizzas” by keeping your cryptocurrency in cold storage.

“I strongly suggest you to not invest a significant amount of bitcoin here. Elijah said, “I would keep that; it’s probably not a coin you’d want to use on food; perhaps use a different coin that you hold much more of.”

There is a significant Shiba Inu fan base all around the world. More than 4.1 million people follow the Shiba Inu Token and Shib Army on Twitter at the time of writing.

Elijah claims, “I bought the intellectual property rights to Shiba Inu in Australia,” and goes on to explain that he intends to use his newfound control over the breed’s logo and other identifying features to roll out a chain of Shiba Wings franchisees by the year’s end.

“I plan to develop a new fast-food franchise idea to challenge McDonald’s by using the crypto aspect as an innovation in the industry.

The NFT implementation, according to Elijah, would include “15% ownership of every restaurant given to the community,” making them de facto stockholders entitled to quarterly dividend payments. He also said that a new Shiba Wings token with its own set of perks in the shop would launch shortly.

A poll conducted in August 2022 by cryptocurrency exchange Crypto.com found that 55% of Australian retailers and customers were interested in accepting cryptocurrency payments for the purchase of goods and services, with over half (47%) of all merchants asked indicating that they were ready to accept crypto payments within a year.

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