SHIB can now be used via BitPay. A great step forward for the entire SHIBArmy
The SHIBArmy has just taken another important step in its quest for a worldwide adoption of the Shiba Inu (SHIB). BitPay, the world’s largest Bitcoin and other cryptocurrency payment service provider, announced that merchants can accept Shiba Inu for payments now and customers can buy, store and trade SHIB in the app BitPay Wallet.
SHIB can now be used via BitPay
“The Shiba Inu community is passionate about their area and very serious about giving customers places to spend their SHIBs,” said Stephen Pair, CEO of BitPay. “BitPay is confident that increasing community engagement with the awareness and uptake of the coin helps the blockchain industry pave the way for blockchain payments that will completely transform the way customers and businesses receive and spend their money.”
Attention #SHIBArmy: Our friends @Bitpay decided to support Shiba Inu specifically because I asked, so AMC can take Shiba Inu for online payments of movie tickets and concessions. @AMCTtheatres to be the first @bitpay client to accept Shiba Inu. Timing 60-120 days. This is a WOW! pic.twitter.com/F54i22hHDv
— Adam Aron (@CEOAdam) November 15, 2021
Although it all started out as a simple meme, the SHIBArmy along with AMC and Newegg’s response helped SHIB reach the top of the list of coins to have in their wallet. Its growing popularity has placed SHIB in the Top 15 since its launch in May in terms of capitalization on CoinMarketCap, just in time for the holiday season.
A great step forward for the entire SHIBArmy
AMC blew the SHIB community with joy when they asked if the company should request that SHIB be added as a payment option.
The community obviously answered in the affirmative, praising the merits of its corner, and now, SHIB owners can spend it at merchants who accept BitPay or at those where a gift card can be purchased via the BitPay Wallet.
Newegg, meanwhile, made the information official and with a huge digital promotional campaign, displayed in particular on The Reef, the largest billboard in North America. Located at the intersection of I-10 and I-110 in Los Angeles, The Reef is a larger-than-life platform for Newegg to send their crypto information.
“We are constantly looking for ways to innovate in our shopping experience at Newegg.com and among the things our customers want is greater flexibility and more options, including the ability to pay with more different cryptocurrencies.” Explained Andrew Choi, Marketing Director at Newegg.
“Through our partnership with BitPay, we have the ability to move quickly and lead the market with flexible cryptocurrency payment options. In fact, we are more than happy to offer SHIB as a payment method on Newegg.com.”
— Newegg (@Newegg) November 30, 2021
The ability to accept crypto expands a merchant’s sales opportunity to international markets where credit card use is impractical while dramatically reducing fees and increasing the transparency and efficiency of payments.
The potential global market is huge and combined with a crypto capitalization approaching two trillion dollars, the opportunity is ideal.
BitPay allows businesses to accept cryptocurrency as a payment method without having to buy, own, or manage crypto.
AMC, Newegg and any other BitPay merchant can accept cryptocurrencies for purchases in Shiba Inu (SHIB) as well as Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC), and five US dollar-based stablecoins (BUSD, DAI, GUSD, USDP, and USDC).
Rachel Maga is a technology journalist currently working at Globe Live Media agency. She has been in the Technology Journalism field for over 5 years now. Her life’s biggest milestone is the inside tour of Tesla Industries, which was gifted to her by the legend Elon Musk himself.