Shiba Inu (SHIB) is quickly becoming essential to the cryptocurrency ecosystem, as highlighted by NowPayments. The platform recently stressed the benefits of accepting SHIB, portraying it as more than just a meme coin—a full-fledged movement. NowPayments’ position reflects the growing focus on SHIB, particularly after the launch of Shibarium. This development has significantly increased the coin’s visibility within the crypto community, further solidifying its status.
Shiba Inu’s Growing Influence in the Crypto Space
Moreover, NowPayments has underscored Shiba Inu’s vast potential, urging businesses to adopt SHIB payments and leverage the SHIBArmy’s influence. The company points out that Shiba Inu’s importance surpasses its role as a cryptocurrency; it represents a movement fueled by a dedicated and active community. This view mirrors the enthusiasm that surrounded SHIB during its initial rise, which resulted in substantial gains for early investors. Following the launch of Shibarium, Shiba Inu has once again captured the spotlight, drawing comparisons to its earlier success.
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In 2023, NowPayments launched its Custodial Recurring Payments tool, enabling NFT marketplaces to accept SHIB payments and strengthening its support for Shiba Inu. Among the 300+ cryptocurrencies supported by NowPayments, SHIB benefits from features like auto coin conversion, offering businesses flexible payment options.
Shiba Inu’s Increasing Role in Crypto Payments
The broader crypto payment landscape also reflects Shiba Inu’s rising prominence. Platforms such as CoinGate have seen substantial growth in SHIB transactions, reporting a 76% increase in orders during Q2 2024. This surge is due to CoinGate’s expansion of SHIB support to other networks like Binance Smart Chain (BSC) and Polygon, which makes it easier for users to adopt SHIB for various payments.
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Additionally, SHIB has been integrated into payment platforms including BitPay and Binance Pay. NowPayments took the lead in integrating Shibarium, the layer-2 network of Shiba Inu, into its platform, becoming the first cryptocurrency payment gateway to support Shibarium once it launched on the mainnet. This integration was backed by Shiba Inu’s lead developer, Shytoshi Kusama.
Shiba Inu’s play-to-earn (P2E) game, Shiba Eternity, is set to become a significant milestone for the Shibarium blockchain and its ecosystem tokens, SHIB and BONE. Shiba Inu’s marketing lead, Lucie, highlights this game as a key aspect of SHIB’s expanding utility beyond mere transactions.
