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Shiba Inu Gets Major Merchant Adoption Boost with BitPay Integration

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Thu, 9/12/2021 - 18:13
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Shiba Inu Gets Major Merchant Adoption Boost with BitPay Integration
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BitPay, the largest cryptocurrency payment company, has integrated Shiba Inu into its wallet app that allows storing, buying, swapping and spending cryptocurrencies, according to a Thursday announcement.

The meme token has joined Bitcoin, Ether, Bitcoin Cash, Litecoin, Dogecoin and several stablecoins on the list of available cryptocurrencies.     

Some of the supported merchants are now automatically able to accept the meme coin.

Last month, electronics retailer Newegg announced that it would start accepting the meme coin before the Christmas holidays, becoming the first BitPay customer to do so.

Related
Cinema theater giant AMC also confirmed that it would add the canine cryptocurrency to its lineup of payments in early 2022.

In April, BitPay COO said that Dogecoin accounted for 10% of the company’s total payment volume.

Founded back in 2011, the Atlanta-based company is singlehandedly responsible for significantly pushing crypto merchant adoption. In 2014, BitPay was chosen by Microsoft for processing Bitcoin payments.

CoinGate, a Lithuania-based BitPay competitor, also added support for Shiba Inu payments in November.

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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.

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