Main navigation

SHIB Accepted as Payment for Netflix, Spotify Subscriptions via This Integration

Wed, 12/28/2022 - 10:35
article image
Tomiwabold Olajide
SHIB use cases for payments continue to grow
SHIB Accepted as Payment for Netflix, Spotify Subscriptions via This Integration
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Shiba Inu (SHIB) can now be used to pay for Netflix and Spotify monthly subscriptions thanks to payment gateway NOWPayments' recurring invoicing tool. Businesses that also run subscription services can now allow their clients to pay for subscriptions in SHIB with the tool.

Individuals or businesses could also make use of NOWpayments' recurring custodial payments, which allows them to set up separate billing accounts for users or customers and let them top up these accounts with the cryptocurrency of their choice as a payment method.

SHIB use cases for payments continue to grow, ranging from car dealerships accepting SHIB to a whole metaverse, which Shiba Inu is actively developing.

As reported by U.Today, SHIB holders can use their assets to buy luxury cars, including popular car brands Aston Martin, Bentley, Koenigsegg hypercars and Karma Automotive, through Exclusive Automotive Group (EAG)'s partnership with BitPay.

However, the existing use cases are insufficient to meet the needs of SHIB holders, and more businesses still need to integrate SHIB payments.

SHIB burn rate jumps 68%

According to the SHIB burn website, the Shiba Inu burn rate is up 68%, as millions of SHIB are sent to dead wallets. In the past 24 hours, over 22,465,336 SHIB tokens have been burned, and eight transactions have been made.

SHIB Burn Rate Jumps 353% as Price Gains in Last 24 Hours

At the time of writing, SHIB was trading down 3.8% at $0.0000079, in line with the general crypto market declines. Expectations remain as users anticipate the debut of Shibarium in 2023, in line with the Shiba Inu lead developer's announcement of the Layer 2 solution launching "soon."

article image
About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.