BitPay Adds Support for SHIB Digital Currency in Retail Payments
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Answer BitPay Adds Support for SHIB Digital Currency in Retail Payments
BitPay, a leading cryptocurrency payment service, has announced support for retail payments in the digital currency “Shiba Inu (SHIB).”
This will open the gates for SHIB holders to pay for their daily needs items at thousands of BitPay retailers.
Attention: #shiparmiWe are pleased to announce that consumers can now pay and merchants can instantly accept Shiba Inu (SHIB) for payments. Read more: https://t.co/xnWbmqMdzX #SHIB #chipino # encrypt pic.twitter.com/zCretwh87S
– BitPay (BitPay) December 9, 2021
SHIB has seen a large number of adoptions over the past couple of months, ranging from mainstream cryptocurrency exchanges to retail giants.Read:Bitcoin Coming to Central Banks Soon…Details Here
However, the latest BitPay integration for SHIB wasn’t a good thing for Cardano founder Charles Hoskinson.
Hoskinson took to Twitter and questioned BitPay’s recent announcement of integrating SHIB into their payment systems, citing a survey the cryptocurrency exchange launched in November.
Hoskinson noted that the poll (A survey published by “BitPay” for which currencies the public proposes to vote to join the BitPay payment service, and among the options that were present is the ADA currency) It doesn’t make any sense and it was just a PR gimmick.
SHIB’s price may have fallen more than 60% from its October high, but the meme-themed coin continues to forge new partnerships to keep itself afloat.
Recently, Kraken, a cryptocurrency exchange, listed the altcoin after months of waiting.
SHIB’s price rose nearly 30% in the wake of the listing but shed all gains in the following two weeks.
Shiba Inu community hopes to include the coin on Robinhood:
The Shiba Inu community insists on the inclusion of the alternative digital currency in “Robinhood,” a popular “fintech” app.
The SHIB community runs campaigns on social media including an online petition that has garnered hundreds of thousands of signatures.Read:Excitement and momentum around the Ethereum integration upgrade may not end well according to one analyst
Robinhood’s COO had earlier praised SHIB and its strong community but hinted at the time that his company was not looking to list SHIB anytime soon.
However, rumors circulated again about the possibility of “Robinhood” discussing the inclusion of SHIB at the company’s upcoming meeting.
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