Crypto payment service provider Bitpay announced Thursday that it now supports the meme cryptocurrency shiba inu (SHIB). Bitpay Now Supports Shiba Inu (SHIB)
With the addition of shiba inu, Bitpay now supports 13 cryptocurrencies, including XRP. However, its website details that the cryptos that can be used to pay a Bitpay invoice are “bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), wrapped bitcoin (WBTC), dogecoin (DOGE), litecoin (LTC), shiba inu coin (SHIB), and 5 USD-pegged stablecoins (GUSD, USDC, USDP, DAI, and BUSD).” Bitpay stressed, “We only accept ERC-20 coins on the ETH network.”
“Attention Shibarmy,” the company wrote, confirming that shiba inu coins are now available at Bitpay. “Now you can buy, store, swap, and spend with this Ethereum ERC-20 token directly in the Bitpay app,” the platform detailed. “Consumers can now pay and merchants can immediately accept shiba inu (SHIB) for payments,” the official Twitter account for Bitpay tweeted.
Newegg Announces SHIB Now Accepted for Payments, AMC Theatres to Follow
Two major retailers have been preparing to accept shiba inu through Bitpay: Newegg and AMC Theatres.
“Newegg and AMC Theaters have announced that they will be accepting shiba inu as a form of payment using Bitpay in the upcoming months,” Bitpay’s Thursday announcement notes.
However, the retail giant Newegg is not waiting. Soon after Bitpay’s SHIB announcement, Newegg tweeted that its platform now accepts SHIB for payments. Newegg is able to accept shiba inu fast because it already uses Bitpay to process cryptocurrency payments.
Petition for Trading Platform Robinhood to List SHIB Now Has Over 545K Supporters
As for AMC Theaters, CEO Adam Aron previously said that his company is expected to accept SHIB in the first quarter of next year.
A petition on Change.org to list the shiba inu coin on the popular trading platform Robinhood has garnered 545,661 signatures at the time of writing.
There are rumors that Robinhood is considering listing SHIB. However, the platform has not made an announcement regarding shiba inu and the company’s chief operating officer said in November that the platform is in no hurry to add another crypto. “Our strategy is a little bit different than a lot of other players out there who are just racing the list as many assets as possible right now,” she stressed.
Meanwhile, more major cryptocurrency exchanges are listing shiba inu. Bitstamp listed SHIB Wednesday. Kraken and Gemini added support for SHIB in November. In addition, a crypto-friendly travel website Travala began accepting shiba inu for payments this week.
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What do you think about Bitpay adding support for shiba inu? Do you think Robinhood will list SHIB soon? Let us know in the comments section below.
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