CoinGate, a crypto payment service, in a recent blog post, Shiba Inu (SHIB) announced that it is officially integrated into the platform with more than 500 merchants and will allow users to use the token. According to the post on the official website, CoinGate users, merchants, merchants and Gift Card Customers will now be able to accept, buy, trade or spend this meme coin. Also, Shiba’s integration into the CoinGate trading system will allow users to purchase SHIB at a 1% discount.
It is believed that use cases for Shiba Inu crypto will continue to expand after the crypto payment gateway platform integrates the token, triggering a surge in mainstream adoption of the meme coin.
CoinGate makes the following statement on the subject:
“We are delighted to announce that Shiba Inu (SHIB) has been integrated as our newest cryptocurrency! From merchants to traders or Gift Card shoppers, every CoinGate user can now accept, buy, trade or spend this massive meme coin for whatever they want.”
This development is expected to be the catalyst for a potential SHIB bull run, as the prank cryptocurrency has been criticized for its lack of real-world use cases.
Previously, the value of SHIB had increased significantly in July after the much anticipated DEX ShibaSwap and SHIB token integration was launched on the retail Shopping.io platform.
While SHIB is still one of the most notable cryptocurrencies of 2021, with an annual gain of 483700 percent; At the time of writing, the meme coin is trading at $0.000043, 50 percent below its all-time high of $0.0000086.
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.