BitPay’s four new partners mean greater exposure for SHIB payments. On Friday, the leading crypto payment processor, BitPay, announced the addition of two new exchanges and wallets as its partners to its platform. Hence, it is likely that there would be more exposure for SHIB token payments.
More Companies Enable BitPay’s Payment Protocol
The two exchanges (BitStamp and BitSo) have a combined user base of eight million users worldwide. Before these new partnerships, BitPay has already partnered with the biggest private crypto wallet platform (Blockchain wallet). Also, popular mobile device manufacturers, Verifone, are one of BitPay’s partners.
Verifone has adopted BitPay’s payment technology for its 650K merchants and 36M mobile devices. Verifone users can pay for their in-store apps using their favorite cryptocurrencies. Also, these merchants can receive payments via crypto using the BitPay payment technology.
Since its launch, BitPay has processed nearly $6B worth of crypto payments for hundreds of thousands of merchants globally. Officially, BitPay included the SHIB token as one of the cryptos they started supporting last December. Thus, BitPay merchants can receive SHIB payments where BitPay payment technology is implemented.
Some of the top firms using the BitPay payment protocol and accepting SHIB tokens include Newegg, twitch, and the American Cancer Society. Besides SHIB tokens, BitPay also supports other popular digital currencies such as doge, BTC, USDC, wBTC, and BCH.
Lots Of Positive News About SHIB Lately
Recently, there has been lots of positive news about SHIB tokens. As widely reported, Porsche Towson (a Porsche-only car lot based out of Baltimore) has also partnered with BitPay to receive crypto payments (including SHIB) for potential customers willing to purchase Porsche from them with crypto. SHIB’s popularity has grown greatly following its listing on the Robinhood trading platform earlier this month.
SHIB Trends On Coinmarketcap
Aside from BTC, APE, and STEPN, SHIB has been trending on the CoinMarketCap list for the past 24 hours. Surprisingly, SHIB is among the top trending cryptos despite a 5% drop in value over the past seven days. Industry analysts opined that SHIB is gaining traction among investors because it is considered the crypto for the future.
One of the reasons investors can consider SHIB as a token of massive future value is the project’s increased utility, as detailed in the project team’s schedule. The team has already shown signs of seriousness for the token’s utility via the launch of its metaverse land sales, where buyers paid solely using SHIB tokens.
Another Ethereum Top 20 Whale Buys $1.33m Worth Of SHIB
A WhaleStats data has revealed that another top Ethereum whale has purchased more SHIB tokens. The whale, known as ‘Bombur,’ has made massive SHIB token purchases six successive times in the last seven days.
An Etherscan.io data also shows that the Ethereum whale’s total SHIB holdings are now worth nearly $19.8m. Per another WhaleStats data, SHIB tokens are the most held tokens among the top 1000 eth whales. Time will tell whether the positive long-term forecasts about SHIB are right or wrong.