Crypto Service Payment Provider, Bitpay Now Supports Shiba Inu

BitPay, a bitcoin payment service provider has joined the league of crypto payment firms accepting the popular meme coin, Shiba Inu. This was announced on the company’s blog and official Twitter handle.

The company wrote, “Attention SHIBArmy! Shiba Inu (SHIB) joins the lineup of coins now available at BitPay. Now you can buy, store, swap and spend with this Ethereum ERC-20 token directly in the BitPay app.”

With this, the crypto payment service provider now supports 13 digital assets which are, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), Wrapped Bitcoin (WBTC), Dogecoin (DOGE), Litecoin (LTC), Shiba Inu Coin (SHIB), USD-pegged stablecoins GUSD, USDC, USDP, DAI, and BUSD.

The new development with Bitpay support for Shiba Inu prompted Newegg Commerce to immediately announce the acceptance of Shiba Inu for payments. Recall that last month the company announced its plans to accept the popular meme coin as the festive holiday sets in.

Newegg Commerce announced its official acceptance of Shiba Inu for payment through its official handle on Thursday, a day after Bitpay announcement. Newegg tweeted; “We are now accepting $SHIB. Just select @Bitpay as your payment when checking out using a PC”.

Despite the fall in the price of Shiba Inu coin, another major cryptocurrency exchange platform, Bitstamp has listed SHIB. Bitstamp users can now trade SHIB against the U.S. dollar and the euro.

This exchange platform announced its support for fresh four crypto assets, Shiba Inu (SHIB), dydx (DYDX), gala (GALA), and perpetual protocol (PERP) on Wednesday. However, Bitstamp stated that “for the time being, these assets will not be available to our U.S. and Singapore customers. ”

The announcement came as more trading platforms and stores are showing strong adoption towards the popular meme coin Shiba Inu.

According to the listing schedule, on Wednesday Deposits and withdrawals were opened for the newly listed crypto asset but trading is not enabled yet. Bitstamp users will be able to place and cancel limit orders on SHIB and PREP on Thursday, DYDX on Friday and GALA on Monday. Full trading is expected to start once the order books gather sufficient liquidity.