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.
Ubersmith, a New York-based subscription management software company, now accepts Shiba Inu via BitPay support.
This implies that users of the Ubersmith billing system can now accept payments in Shiba Inu, as well as other cryptocurrencies that BitPay supports, such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), DogeCoin (DOGE), Litecoin (LTC), Wrapped Bitcoin (WBTC) and USD-pegged stablecoins (BUSD, DAI, GUSD, USDC and USDP).
Those are in addition to other currencies used by Ubersmith customers all over the world. Support for BitPay is offered as an add-on to the hosted or self-hosted Ubersmith software suite, which offers billing along with taxes, discounts and account credits.
"With the growing popularity of cryptocurrencies, we want to provide our users with this option in addition to other currencies we support," said Kurt Daniel, CEO of Ubersmith.
Ubersmith provides billing, infrastructure and ticketing solutions to organizations, and its services are being used by more than 100 companies on six continents. Ubersmith customers reportedly include Digital Realty, Namecheap, Sitey and WOW.
BitPay officially began supporting the Shiba Inu coin in late 2021, which allowed spending SHIB at hundreds of BitPay merchants where Shiba Inu is accepted. SlingTV, American Cancer Society, Newegg, Menufy, Carolina Hurricanes and Twitch are among the major companies accepting SHIB via BitPay at the moment.
Meanwhile, cryptocurrency adoption continues to be on the rise. A recent survey by the Gemini crypto exchange highlights strong crypto adoption momentum as roughly 50% of cryptocurrency owners joined the market last year.
In a survey conducted in over 20 countries from North America, Latin America and the Asia-Pacific region, nearly half of all current crypto owners in the United States (44%), Latin America (46%) and the Asia-Pacific (45%) first bought crypto in 2021.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin