[ad_1]
- Shiba Inu is now available on BitPay.
- New perks are made possible by the partnership between BitPay and Ramp Network.
Shiba Inu (SHIB), the world’s second largest memecoin continues to gain additional entry into the payments ecosystem through some of the highest profile partnerships the industry has recorded this year. In one of the latest updates, BitPay has forge strategic partnerships with digital currency ramp on-and-off payment service provider Ramp Network to allow its users or anyone else to buy Shiba Inu.
The relevance of SHIB has grown beyond token hype or memecoin to become a cryptocurrency that has a number of associated utilities attached to its existence. BitPay’s enablement to unlock access to purchase SHIB will push payment devices to the forefront of the SHIB army who are always exploring new and innovative ways to spend their Shiba Inu holdings.
BitPay considers itself to be the main gateway for users in the mainstream financial world to gain direct access and exposure to the Web3.0 ecosystem and it is said that the addition of the Ramp Network is one of its latest steps to broaden access to crypto for its users. The company says it has previously provided access to crypto through previous integrations with Simplex, MoonPay and Wyre.
It seems that BitPay has a particular interest in memecoin as it is naturally attracted to outfits that have one form of connection or another to memecoin. In another very high-profile partnership, BitPay tapped Swiss watchmaker Hublot who previously announced they were accepting payments via Shiba Inu.
While its basic fundamentals rely on fun, the Shiba Inu has carved out a very unique path for itself as a payment token with so much diversity in industries across the board.
The Shiba Inu and Their Evolving Utilities
In addition to the direct push by payment outfits such as BitPay and the Ramp Network which integrate Shiba Inu as a means of payment, memecoin has also carved a niche for itself in the corporate world by encouraging direct partnerships with established brands.
As reported Previously by Crypto-News Flash, SHIB has now been featured as the preferred crypto token for booking flights to Vietnam. According to the report, the perk was enabled by Travala partnering with memecoin to be offered as a payment option to clients wishing to visit Phú Quốc in Vietnam.
No spam, no lies, just insight. You can unsubscribe at any time.
In addition to this bold embrace, the emergence of the layer-2 protocol Shibarium is also set to change the narrative around the utility of cryptocurrencies.
The Shiba Inu-backed Ethereum scaling infrastructure has recorded impressive support since the PuppyNet testnet was introduced. With millions of new addresses and developers looking to build the protocol, the entire narrative and focus around the utility of Shiba Inu may well be placed on Shibarium rather than payments.
Crypto News Flash does not endorse and is not responsible for or responsible for any content, accuracy, quality, advertising, products or materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. Crypto News Flash shall not be liable, directly or indirectly, for any damage or loss whatsoever caused or alleged to be caused by or in connection with the use of or reliance on any of the content, goods or services mentioned.
[ad_2]
Source link
