Popular meme coin Shiba Inu is taking a big step in commercial adoption with BitPay integration. Traders around the world will now be able to accept the meme cryptocurrency Shiba Inu with the help of BitPay. Detail cryptocoin.com‘in.
Giant step from the meme coin project
According to the announcement on Thursday, the largest cryptocurrency payments company BitPay has integrated Shiba Inu into its wallet application that allows to store, buy, exchange and spend cryptocurrencies. The meme token joins Bitcoin, Ether, Bitcoin Cash, Litecoin, Dogecoin and several stablecoins on the company’s current list of cryptocurrencies. Traders powered by BitPay can now automatically accept the popular meme coin for their purchases.
Last month, electronics retailer Newegg announced that it will begin accepting meme coins before the Christmas holidays, making it the first BitPay customer to do so. Cinema giant AMC has also confirmed that it will add the meme cryptocurrency to its payment process in early 2022. In April, BitPay COO said that Dogecoin (DOGE) accounts for 10% of the company’s total payment volume. Founded in 2011, the Atlanta-based company tops the list of actors that have made significant efforts in crypto trader adoption. In 2014, BitPay was chosen by Microsoft to process Bitcoin (BTC) payments. On the other hand, CoinGate, a Lithuania-based BitPay competitor, announced in November that it has completed the necessary technical procedures for Shiba Inu payments.
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