- CoinGate, a blockchain payment processor, has integrated Shiba Inu as a payment method, in collaboration with Polygon and Binance Smart Chain.
- Shiba Inu’s market capitalization approaches $14 billion, following a recent increase in price.
CoinGate adds Shiba Inu as a payment method, boosting its market capitalization and price. The integration with Polygon and Binance Smart Chain allows for wider use of the meme coin.
CoinGate Embraces Shiba Inu
CoinGate, a Lithuania-based blockchain payment processor, has added Shiba Inu to its list of accepted payment methods. The integration was made possible through collaboration with Polygon and Binance Smart Chain. CoinGate serves as a bridge between traditional finance and cryptocurrencies, enabling businesses to manage, buy, sell, and accept various digital currencies. The processor works with several well-known companies, including Airbnb, Nike, Spotify, Walmart, IKEA, and Uber.
Shiba Inu’s Market Performance
Shiba Inu has been making headlines due to its recent price surge. The meme coin saw a 7% increase on an hourly scale, pushing its market capitalization close to the $14 billion mark. This uptick in price and market cap coincides with CoinGate’s announcement of its integration.
Shiba Inu’s Growing Acceptance
Since its launch in 2020, Shiba Inu has garnered attention from various industry participants and exchanges. Recently, Nexo, a crypto lending platform, enabled users to purchase Shiba Inu, stating that card transactions could be processed in seconds. The platform also allows users to swap with rewards, borrow against the token, and send assets to others via phone number or email. Other notable crypto firms that have embraced Shiba Inu include Binance, Kraken, Coinbase, Gemini, OKX, KuCoin, and GroveX.
Conclusion
The integration of Shiba Inu as a payment method by CoinGate marks another milestone for the meme coin. With its growing acceptance and recent price increase, Shiba Inu continues to make waves in the crypto market. As more platforms embrace the coin, its reach and potential uses continue to expand.
