Boost in SHIB Usage: Book Airbnb Stays and Shop Nike Apparel with Shiba Inu Coin

  • 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.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

2024 IPO Surge: 57% of SME Issues Achieve Over 100% Subscription Rate

The enthusiasm for initial public offerings (IPOs)...

Peter Schiff’s Surprising Bitcoin (BTC) Forecast: Could We All Become Rich?

Bitcoin's recent price fluctuations have reignited debates...

MoonBag ($MBG) Presale Soars to $1 Million Amid 15,000% ROI Hype, Outshining BlastUP and Render

The cryptocurrency market is abuzz with the latest developments...

Ethereum (ETH) Surges as Mega Whales Accumulate: Is $4,900 on the Horizon?

Ethereum has been experiencing significant price movements,...
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Nansen Reveals DBS Bank’s Hidden Ethereum (ETH) Holdings in Blockchain Analysis

DBS Bank, Singapore’s largest bank, has been...

Crypto Markets Plunge Up to 5% Awaiting U.S. Data: Key Altcoins Affected – BTC, ETH, ADA Analysis

The cryptocurrency markets are eagerly awaiting the...

FTSE 100 Index Analysis: Key Insights for May 30, 2024 – Market Trends and Projections

Cryptocurrency markets have been experiencing...

AI Predicts 2024 End-of-Year Surge for XRP and SHIB Coins: Expert Analysis Inside!

The crypto markets have been a rollercoaster...
Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
spot_imgspot_imgspot_imgspot_img

Peter Schiff’s Surprising Bitcoin (BTC) Forecast: Could We All Become Rich?

Bitcoin's recent price fluctuations have reignited debates within the financial community. Notable financial commentator Peter Schiff has once again voiced his...

JP Morgan Issues Ethereum (ETH) Warning: Potential Decline Ahead Due to Unmet Expectations

JP Morgan has recently commented on the anticipated demand for spot Ethereum ETFs compared to Bitcoin ETFs. The SEC's initial approval...

MoonBag ($MBG) Presale Soars to $1 Million Amid 15,000% ROI Hype, Outshining BlastUP and Render

The cryptocurrency market is abuzz with the latest developments surrounding MoonBag's presale, which is nearing the $1 million mark. In contrast, other projects like BlastUP...