BitPay Adds Shiba Inu (SHIB) Retail Payment Support, Cardano Founder Questions Poll!

By Prashant Jha
December 10, 2021 Updated December 10, 2021
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Shiba Inu announced via its official Twitter page that the holders of the meme coin are now over a million

BitPay, a leading cryptocurrency payment, and exchange service announced retail support for Shiba Inu (SHIB) payments.  This would open the gates for SHIB holders to pay for their daily needs items at thousands of BitPay retailers. SHIB has seen a slew of adoption over the past couple of months, right from mainstream crypto exchanges to retail giants. However, the latest  BitPay retail integration for SHIB has not gone down well with Cardano founder Charles Hoskinson.

Hoskinson took to Twitter to question BitPay’s latest announcement and SHIB integration, pointing towards a poll started by the crypto exchange firm in November.  Hoskinson indicated that the poll didn’t have any meaning and it was just a PR gimmick.

SHIB’s price might have plunged more than 60% from its top in October, but the meme currency continues to forge new partnerships to keep itself afloat. Recently, Kraken, another popular crypto exchange listed the altcoin after months of teasing. The price of SHIB climbed nearly 30% in the aftermath of the listing but bled out all the gains in the following two weeks.

Shiba Inu Community Hopeful of Robinhood Listing

Shiba Inu community is adamant about getting the altcoin listed on Robinhood, the popular fintech app. The SHIB community has been running social media campaigns including an online petition that got hundreds of thousands of signatures.

Robinhood COO had earlier praised SHIB for a strong community but said that the exchange listing is from a security point of view. She had hinted at the time that the platform is not looking to list SHIB anytime soon. However, rumor mills are rife again that Robinhood could possibly discuss SHIB listing in their upcoming company meeting.

SHIB is evolving as an ecosystem and looking to venture into the Metaverse with P2E gaming as well, but its dependence on a new listing and the Robinhood obsession could prove to be a major hurdle for price momentum.

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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