Shiba Inu (SHIB) has gained a new avenue for utility as customers can now use it to pay for goods and services across 1,200 merchants. This comes as a result of a partnership between Apcopay and CoinPayments, with Apcopay successfully integrating CoinPayments into its global payment service platform.
With this integration, customers of Apcopay can now leverage crypto assets like Shiba Inu to make payments at over 1,200 merchants in 25 countries. Daniel Buttigieg, Chief Commercial Officer of Apcopay, praised CoinPayments as a significant player in the crypto space that accepts multiple digital assets.
CoinPayments, established in 2013, offers crypto payment and storage solutions and supports over 2,300 crypto assets. While only 175 of these assets can be used for payments, Shiba Inu stands out as one of the few supported by CoinPayments. Transactions involving Shiba Inu through CoinPayments incur a 1% fee.
The collaboration between Apcopay and CoinPayments underscores the increasing adoption of SHIB as a payment method. Since its inception in 2020, Shiba Inu has gained popularity among top merchants, leading to support from key crypto payment providers such as Binance, BitPay, and NOWPayments.
Shiba Inu enthusiasts can now conveniently use the token to make purchases at various merchants including Gucci, NewEgg, AMC Theaters, Twitch, and GameStop. Binance’s Send Cash product also allows for SHIB spending in nine Latin American countries, including Argentina.
Despite its utility, SHIB is currently trading below the [or_text model=”openai/gpt-3.5-turbo” prompt=”You are a news editor expand and Rewrite the following article, remove references to the source, make sure the generated article is well written, makes sense and is SEO enabled:
Customers can now use Shiba Inu (SHIB) to pay for goods and services across 1,200 merchants following a partnership between Apcopay and CoinPayments.
According to a recent announcement, Apcopay has successfully integrated CoinPayments into its global payment service platform.
Following the integration, Apcopay customers can now pay for goods and services across more than 1,200 merchants in 25 countries using crypto assets like Shiba Inu.
Commenting on the development, Apcopay’s Chief Commercial Officer Daniel Buttigieg described CoinPayments as a prominent crypto player that accepts multiple digital assets.
Spending SHIB Via CoinPayments
Launched in 2013, CoinPayments offers both crypto payment and storage solutions. The company supports more than 2,300 crypto assets. Despite supporting a wide range of cryptocurrencies, only 175 crypto assets can be used to pay for goods and services.
Interestingly, Shiba Inu is among the few cryptocurrencies that CoinPayments supports for payment purposes. It is worth noting that Shiba Inu payments incur a fee of 1% on the CoinPayments gateway.
Widespread Adoption of Shiba Inu Payments
Apcopay’s collaboration with CoinPayments further expands the widespread adoption of SHIB as a payment method. Since its inception in 2020, SHIB has become one of the leading crypto payment methods among top merchants.
The growing demand for Shiba Inu has prompted top crypto payment providers to roll out support for the canine-themed token. Some payment providers supporting SHIB include Binance, BitPay, and NOWPayments, among others.
In addition, Shiba Inu enthusiasts can conveniently pay for goods and services across different merchants, including Gucci, NewEgg, AMC Theaters, Twitch, and GameStop.
Last year, Binance launched a product dubbed Send Cash to allow Shiba Inu enthusiasts to spend SHIB in nine Latin American countries, including Argentina.
Meanwhile, SHIB is still trading below the $0.00001 psychological level in the hours leading up to press time. SHIB price is down 0.59% over the last 24 hours to $0.00000955. Similarly, the token’s 24-hour trading volume has also plunged 22.5% to $144.74 million.
“].00001 mark. The price is down 0.59% over the past 24 hours, with a 22.5% decrease in the token’s 24-hour trading volume to 4.74 million. The continued expansion of SHIB’s usability through partnerships like the one with CoinPayments signifies the growing acceptance and integration of cryptocurrencies in mainstream commerce.
