Tech
Kronos Advanced Technologies ‘Excited’ to Accept $SHIB as Payment Method
Kronos Advanced Technologies Inc. (OTC: KNOS) has announced its decision to accept the Shiba Inu (SHIB) cryptocurrency as a payment method for its air purifiers.
Kronos is engaged in the development, manufacturing and distribution of advanced air purification and filtration systems. The company, founded in 1980, aims to address air quality issues by providing devices that eliminate allergens, bacteria, viruses and other contaminants from indoor air. Their product line includes air purifiers and personal protective equipment such as self-sterilizing graphene air purification devices.
Kronos has received FDA 510(k) Class II Medical Device Clearance for certain products, ensuring their effectiveness in reducing airborne pathogens. The company markets its products directly through its website and independent sales representatives, focusing on both the residential and commercial markets..
Despite a relatively small market cap and low revenues, Kronos operates in a growing market driven by growing awareness of air pollution and its health impacts. The company has experienced significant share price volatility and shareholder dilution over the past year. Recent innovations include a real-time wearable bio-aerosol sensor and air purifiers tailored for specific environments such as Bitcoin mining farms.
According to a recent Press release issued by the company, this move makes it “the first public company to accept the SHIB token.” Kronos says that as of 2024, there are approximately 1.38 million Shiba Inu wallet holders.
In its announcement, Kronos Advanced Technologies describes SHIB as a decentralized cryptocurrency that has gained significant traction. The company says it recognizes the potential of this payment method and wants to offer its customers a new way to purchase its products. Kronos says this move is part of its effort to adapt to the digital age and provide what it calls a seamless and secure transaction experience.
Greg Rubin, CEO of Kronos Advanced Technologies Inc., is quoted as saying the company is “excited” to be the first public company to accept SHIB as a form of payment for its air purification products. In his statement, Rubin suggests that the move demonstrates the company’s commitment to new technologies and meets the demand for alternative payment options.
To celebrate this announcement, Kronos Advanced Technologies says it will offer a 10% promotional discount for customers who choose to pay with SHIB. The company describes this as a limited-time offer, without specifying how long the promotion will last.
Featured Image via Disinfect