- Shiba Inu, the popular dog-themed cryptocurrency, has been listed on PayPal in the United States via a partnership with MoonPay.
- The integration of MoonPay’s services into PayPal marks a significant milestone in the democratization of cryptocurrencies in the US.
- The partnership has led to a surge in the price of Shiba Inu, highlighting the potential for increased adoption and investment.
Shiba Inu scores a major listing on PayPal in the US through a partnership with MoonPay, potentially fueling a price increase and wider adoption of the cryptocurrency.
PayPal and MoonPay Partnership Boosts Shiba Inu
PayPal, the American multinational financial technology company, has teamed up with MoonPay, a crypto payment platform, to enable US users to access cryptocurrency assets like Shiba Inu. The partnership allows PayPal to offer seamless fiat-to-crypto transactions within the US. This integration represents a significant milestone in the democratization of cryptocurrencies in the US, with MoonPay enabling PayPal users to purchase over 110 cryptocurrencies, including Shiba Inu.
Implications for Shiba Inu and Crypto Adoption
The partnership exposes millions of users across all 50 states to Shiba Inu tokens, potentially driving up the price of the cryptocurrency as it attracts new investors. Following the announcement of the partnership, the price of Shiba Inu surged from $0.000022 to $0.000024 in just a day, an increase of 7.72% over the past 24 hours. MoonPay has outlined a straightforward process for PayPal users to access its extensive library of cryptocurrencies, further facilitating the adoption of Shiba Inu and other cryptocurrencies.
MoonPay Set to Transform PayPal Crypto Access
In addition to Shiba Inu, MoonPay will provide PayPal users in the US with access to top cryptocurrencies like Solana (SOL), Ethereum (ETH), Dogecoin (DOGE), and Bitcoin (BTC). However, some crypto assets initially available on its platform, such as Pepe (PEPE), Cosmos (ATOM), Toncoin (TON), and Binance Coin (BNB), will not be accessible to US users. MoonPay will offer key benefits to PayPal through its crypto services, including flexible payment methods, an extensive variety of cryptocurrencies, seamless onboarding, transactional speed, and other user-friendly features.
Conclusion
The partnership between PayPal and MoonPay represents a significant step towards the mainstream adoption of cryptocurrencies like Shiba Inu in the US. The integration of MoonPay’s services into PayPal could potentially boost the token’s value and attract new investors, further democratizing access to cryptocurrencies. MoonPay’s plans to integrate PayPal into its partner networks in the third quarter of 2024 could further expand opportunities for the adoption of cryptocurrencies.
