- –Popular meme cryptocurrency Shiba Inu (SHIB) will now be accepted as a means of payment by the prestigious Brazilian football club.
Brazilian football club Sao Paulo FC now accepts Shiba Inu and other cryptocurrencies as payment method for ticket purchases. Sao Paulo, a professional football club founded in 1930, is its official sponsor and partner. bitso announced that it now accepts cryptocurrencies.
Members of Sao Paulo’s Socio Torcedor program will now be able to purchase tickets for their team’s matches using a variety of popular cryptocurrencies, including Shiba Inu, according to a statement by the club’s member fan page. Bitso announced support for the Shiba Inu on its platform in early January.
Looking carefully at the image in the tweet shared by the Twitter account, it seems that the club may also be accepting BitPay payments.
you can use @Shibtoken to purchase soccer tickets at @SaoPauloFC through @Bitso ! #SHIBARMY https://t.co/VGhzgpqvt4
— The Bus (@TheBus37643251) June 3, 2022
A SHIB user confirmed that SHIB is also accepted by Sao Paulo FC via BitPay. crypto payment processor BitPaywhich officially started supporting Shiba Inu in late 2021, this move enabled SHIB to be spent at hundreds of BitPay merchants where the platform is accepted.
A pioneer in blockchain payment transactions, whose mission is to transform the way businesses and people send, receive and store money, a large number of businesses in different industries such as Travel, Software, Entertainment and gaming now accept payments in cryptocurrencies through Bitpay. These businesses include Amazon, Walmart, Delta, fixed crypto wallet maker Ledger, Microsoft, Twitch and Fast Private Jet.
With this move, Sao Paulo, one of Brazil’s biggest and most decorated clubs, is reportedly the first team in the country to accept cryptocurrencies.
Shiba Inu faces backlog of whales
Shared by popular whale watching platform WhaleStats to data According to Shiba Inu, it is currently facing a huge backlog from whales, namely its big owners, as it was among the top 10 most purchased tokens among the top 500 ETH whales in the last 24 hours.
🐋 ETH whale “BlueWhale0073” just bought 129,525,133,807 $shib ($1,413,119 USD).
Ranked #419 on WhaleStats: https://t.co/RBupemZyZX
Transaction: https://t.co/KVJQrZD3jU#SHIB #ShibArmy
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) June 3, 2022
On June 3, an ETH whale notorious for its May buying spree, “BlueWhale0073”purchased 129,525,133,807 SHIBs worth $1,413,119. The price of the Shiba Inu continues to consolidate in a narrow range between $0.0000106 and $0.0000113, which indicates an impending price move.
At the time of writing, the Shiba Inu is trading at $0.0000107, up 0.4% in the last 24 hours, according to data from CoinMarketCap.
Shiba Inu gained thousands of new holders in just a few days as this metric number represents growth. According to WhaleStats data, the SHIB community has also reached a new milestone in the number of holders of their favorite assets. reached and had grown to reach more than 1,195,000 people. The total number of SHIB investors currently stands at 1,175,413.
An exciting collaboration could come for Shib
The Shiba Inu community can witness an exciting collaboration between the Shiba ecosystem and Estonian crypto exchange Switchere.
MILKSHAKE, an official Shiba Inu Growth Community member, announced that they are in talks with Switchere about collaborating. Development, NOWPayments, Bitcoin (BTC) and Ethereum (ETH) It came after it partnered with the Estonian exchange to offer a new fiat payment solution for the popular dog-themed cryptocurrency, along with several other major cryptocurrencies, including:
On May 27, the dedicated SHIB Growth Breed Member informed the Shiba Inu Community that they will begin talks with the Switchhere crypto exchange next week.
Looking forward to meeting with the Estonian Exchange @Switchere_com and discuss $SHIB this coming week. Congratulations on your partnership with @NOWPayments_io.
— MILKSHAKE (@shibainuart) May 27, 2022
As promised, MILKSHAKE shared the latest update on the call with his followers a week later via tweet. Expressing his gratitude to Switchere Exchange for excellent communication, the team member told the Shiba Inu Community that Switchhere wants to support the Shiba Inu ecosystem.
If historical references are taken into account, following Switchere’s NOWPayments and FCFPay platforms; It is thought that it could launch a Shiba Inu listing or some kind of burning feature to support the Shiba Inu ecosystem.
On May 17, Canada-based payment gateway FCFPay officially announced that they will include the “SHIB Burn Mechanism” in their payment platform. As reported by KoinFinans, NOWPayments also rolled out an update on March 22, adding a new optional BURN feature for SHIB and LEASH to its platform, allowing traders to burn some of the profits they make in SHIB or LEASH.
This is all pure conjecture until the teams officially make any partnership announcements.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.