Tesla To Accept Shiba As Payment? Source Who Broke Robinhood Listing Keeps The Pot Boiling

The prospect of Tesla Motors accepting crypto token Shiba Inu as a payment option, like it has proposed to do with Dogecoin early this year, started to trend again after an influential Twitter handle promised its followers some "verified rumors" this week.

Though speculation about SHIB finding acceptance at Tesla have been rife since the discovery of SHIB in the source code of the electric vehicle maker's website's payment section last year - the SHIB reference has been removed from the Tesla page, yet the V2 code apparently includes the term - the latest rumors are taken seriously due to the track record of its source.

@ShibReports, which claimed to be the first to report the listing of SHIB on Robinhood, revived the topic, noting they will update investors on "some verified rumors this week about Tesla potentially accepting #SHIB as a payment method soon."

They said an inside source at Tesla disclosed that "the team had a meeting last week to discuss potentially accepting crypto as payment before the end of 2022, which included #SHIB."

Such a listing would be another catalyst for Shiba Inu, which thrilled investors when its price skyrocketed after it was listed on Robinhood last week.

A petition requesting Tesla to accept Shiba as payment was filed ten months ago with 59,968 signatories hoping Elon Musk would heed their call. In January, the Tesla CEO noted that towards the end of the year, the company might allow Dogecoin to be accepted as a form of payment for purchasing electric vehicles after it took the world's first-ever dog-themed coin as an acceptable payment for Tesla merchandise.

But, it appears that the electric vehicle maker is mum on the status of Shiba Inu being valued like Dogecoin in the company.

Tesla has not acknowledged that it will add Shiba Inu as an acceptable payment and at this point, talks about it are nothing more than speculations. Investors, however, are hopeful and believe that the company's acceptance of the dog-themed meme coin could help further boost its price, way more than it did when Robinhood listed it last week.

The listing, which happened last week, caused SHIB's price to skyrocket 35% and fueled more hope that it would eventually soar to $0.01. Analysts project that Shiba Inu's price will rise more slowly based on historical data, reaching $0.000033 in 2022 and $0.000053 in 2025.

Shiba Inu was trading up 2.56% at $0.00002506 with a 24-hour volume of $600,865,807 as of 2:49 a.m. ET on Tuesday, based on data from CoinMarketCap.