Shiba Inu's Big Announcement Disappoints Community

A recent announcement from Shiba Inu SHIB/USD appears to have missed the mark as disappointed members of the community took to Twitter to share their frustration.

What Happened: On Jan 28, the Shiba Inu team teased an upcoming partnership that many believed would have a massive impact on the cryptocurrency’s future prospects.

Fans of the meme-based cryptocurrency were left unsatisfied after the Shiba Inu team revealed that the partnership was a lesser-known fast-food restaurant in Italy called Welly’s.

Shytoshi Kusama, the lead developer of Shiba Inu, said the partnership would solidify SHIB’s first step into “real life” projects.

“As I said in discord, we don’t really want to partner with the huge centralized conglomerates that are con-agriculture and known for selling “food” that is harmful, subpar, and possibly poisonous,” said Kusama in a blog post detailing the partnership.

Kusama said that SHIB would be a means of payment in the store and Shiboshi and LEASH holders will have access to perks, discounts and rewards.

Still, the announcement failed to impress a vast majority of the SHIB community who felt the news was underwhelming.

SHIB Price Action: At press time, SHIB was trading at $0.00002043, down 5.6% in the last 24 hours.

Photo by Patrícia Hellinger on Unsplash

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsMarkets
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!