Shiba Inu payments are poised to gain prominence in about 25 different countries around the globe following the partnership of two leading financial service companies, Apcopay, and CoinPayments.
Apcopay Partners With CoinPayments
On Thursday, February 22, CoinPayments, a cryptocurrency payment gateway, officially announced its partnership with Apcopay, an end-to-end global payment platform. Specifically, Apcopay has integrated CoinPayments into its payment operations, enabling clients to utilize the crypto payments platform to conduct financial transactions using an extensive portfolio of cryptocurrencies.
Although CoinPayments supports over 2,300 cryptocurrency assets, the crypto platform has made only 175 tokens available for payment purposes. Among the select number of tokens, doggy-themed meme coin, Shiba Inu (SHIB) stands out as one of the major cryptocurrencies, CoinPayments clients can use to make payments around the world.
By leveraging the crypto platform’s robust infrastructure, Apcopay has allowed users to gain more access to Shiba Inu, exposing the cryptocurrency to over 1,200 merchants on its platform across 25 different countries.
In response to the new partnership, Apcopay’s Chief Commercial Officer (CCO), Daniel Buttigieg, commemorated the alliance, praising CoinPayments as a pioneering global crypto payments provider. Similarly, the Senior Manager of Business Development at CoinPayments, Marc Bourgeois expressed his enthusiasm for the collaboration, highlighting Apcopay’s potential to broaden its reach to new audiences by introducing cryptocurrency payment options on its platform.
Massive Adoption For SHIB
Through the integration of CoinPayments into Apcopay, users of both payment services will have complete access to Shiba Inu payments, effectively facilitating global adoption for the cryptocurrency.
Recently SHIB payments have become more popular, with over 10 distinct companies, including Binance accepting the Shiba Inu coin as global payment method. The cryptocurrency already boasts of a robust community, comprising thousands of SHIB enthusiasts who buy and store the doggy themed tokens and employ them for regular transactions.
According to previous data from IntoTheBlock, SHIB has been gaining widespread adoption, experiencing a major uptick in new users in 2024. On February 17, the cryptocurrency’s adoption rate soared as high as 39.27%, meaning that at least two out of five active SHIB addresses were new to the network. This substantial increase in new users underscores the growing popularity and demand for the cryptocurrency.
At the time of writing, the price of SHIB is trading at $0.0000094, reflecting a 24-hour decline of 0.28% and a 2.73% drop over the past week, according to CoinMarketCap. The cryptocurrency has been slowly developing with new projects in its ecosystem, aiming to increase its global adoption rate and propel its value upwards.
Featured image from Adobe Stock, chart from TradingView
