Crypto payment company Bitpay has added support for the shiba inu meme cryptocurrency. Following Bitpay’s announcement, retail giant Newegg announced that it has also started accepting SHIB for payments. AMC Theaters is also expected to start accepting SHIB soon. Meanwhile, a petition for popular trading platform Robinhood to list shiba inu crypto has garnered more than 545,000 signatures.
Bitpay now supports Shiba Inu (SHIB)
Crypto payment service provider Bitpay announced Thursday that it now supports cryptocurrency meme shiba inu (SHIB).
“Attention Shibarmy,” the company wrote, confirming that shiba inu coins are now available on Bitpay. “Now you can buy, store, exchange and spend with this Ethereum ERC-20 token directly in the Bitpay application,” the platform detailed. “Consumers can now pay and merchants can immediately accept shiba inu (SHIB) for payments,” tweeted Bitpay’s official Twitter account.
With the addition of shiba inu, Bitpay now supports 13 cryptocurrencies, including XRP. However, their website details that the cryptos that can be used to pay a Bitpay bill are “bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), wrapped bitcoin (WBTC), dogecoin (DOGE), litecoin (LTC), shiba inu currency (SHIB), and 5 USD pegged stablecoins (GUSD, USDC, USDP, DAI, and BUSD). “Bitpay emphasized:” We only accept ERC-20 coins on the ETH network. “
Newegg Announces SHIB Now Accepted for Payments, AMC Theaters To Follow
Two large retailers have been preparing to accept shiba inu through Bitpay: Newegg and AMC Theaters.
“Newegg and AMC Theaters have announced that they will accept shiba inu as a form of payment via Bitpay in the coming months,” said Bitpay’s Thursday announcement.
However, the retail giant Newegg isn’t waiting. Shortly after Bitpay’s SHIB announcement, Newegg tweeted that their platform now accepts SHIB for payments. Newegg can accept shiba inu quickly because it already uses Bitpay to process cryptocurrency payments.
As for AMC Theaters, CEO Adam Aron previously said that his company is expected to accept SHIB in the first quarter of next year.
Petition for Robinhood Trading Platform to Include SHIB Now Has Over 545K Supporters
A petition on Change.org to include the shiba inu currency in the popular trading platform that Robinhood has obtained 545,661 signatures at the time of writing this article.
There are rumors that Robinhood is considering including SHIB on the list. However, the platform has not made an announcement about shiba inu and the company’s chief operating officer said in November that the platform is in no rush to add another crypto. “Our strategy is a bit different than many other players who are competing on the roster with as many assets as possible at the moment,” he emphasized.
Meanwhile, more major cryptocurrency exchanges are listing shiba inu. Bitstamp listed SHIB on Wednesday. Kraken and Gemini added support for SHIB in November. Additionally, a crypto-compatible travel website, Travala, began accepting shiba inu for payments this week.
What do you think of Bitpay adding support for shiba inu? Do you think Robinhood will include SHIB soon? Let us know in the comment section.
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