![]() Read Also: Shiba Inu Discussed On Fox News: SHIB Popularity in Turkey on the IncreaseĪside from the new partners, the crypto payment processor BitPay has already been adopted by the world’s largest self-custody wallet, Blockchain Wallet.Īlso, BitPay’s Payment Protocol has been automatically enabled for in-store and online purchases at Verifone’s 600,000 merchants traced to 35 million devices. It should be noted that each of Bitso and Bitstamp, the two crypto exchanges on the list, has more than 4 million users across the world. In a recent announcement, BitPay stated that two new exchanges and two new wallets are adopting its payment protocol. ![]() View source version on businesswire.Shiba Inu (SHIB), the trending dog-themed token, may soon become a new payment option for millions of users across the world following BitPay’s latest partnership with top crypto providers, including Bitso, Bitstamp, Edge, and Guarda. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. ![]() BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. As a pioneer in blockchain payment processing, the company’s mission is to transform how businesses and people send, receive, and store money. AMC, Newegg and any BitPay merchant can accept cryptocurrency for purchases with Shiba Inu (SHIB) as well as Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC), and five USD-pegged stable coins (BUSD, DAI, GUSD, USDP, and USDC).įounded in 2011, BitPay celebrates its 10th birthday this year as one of the oldest cryptocurrency companies. ![]() The potential global market is huge and combined with the market capitalization for crypto approaching two trillion, the market opportunity for crypto is ideal.īitPay enables businesses to accept cryptocurrency as a form of payment without having to buy, own or manage crypto. The ability to accept crypto expands a merchant’s sales opportunity into international markets where accepting credit cards is not practical while reducing high fees and increasing payment transparency and efficiency. To that end, we’re excited to offer SHIB as a payment option on ." "Through our partnership with BitPay, we have the ability to move quickly and lead the market with flexible cryptocurrency payment options. "We are always looking for ways to innovate the shopping experience on, and something our customers want is greater flexibility and options, including the ability to pay with a wide range of cryptocurrencies," said Andrew Choi, Director of Brand Marketing at Newegg. The dedicated community responded and advocated for its decentralized meme token which has quickly evolved into a vibrant ecosystem where SHIB holders can spend at merchants who accept BitPay or where a gift card can be purchased through the BitPay Wallet. "BitPay believes that the more community involvement from coin holders supports awareness and adoption helping to move the blockchain industry to pave the way for blockchain payments to disrupt the way consumers and businesses receive and spend funds."ĪMC got the SHIB community fired up when they asked if the company should request SHIB be added as a payment option. "The Shiba Inu community is passionate about its coin and serious about giving those consumers places to spend SHIB," Stephen Pair, CEO of BitPay, said. The increased popularity puts SHIB in the top #15 since tracking from zero in May by market capitalization on CoinMarketCap just in time for holiday spending. Even though it started as a meme, the strong SHIBArmy along with the response from AMC and Newegg moved SHIB to the top of the list of coins to add. AMC and Newegg Build Excitement for SHIB Payment Option Through BitPayĪTLANTA, December 09, 2021-( BUSINESS WIRE)- BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced that due to overwhelming demand, merchants can immediately accept Shiba Inu (SHIB) for payments and consumers can buy, store and swap SHIB in the BitPay Wallet app.
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