Shiba Inu (SHIB) has increasingly become a crucial part of the cryptocurrency ecosystem, as highlighted by NowPayments, a leading non-custodial crypto payment gateway.
In recent communications, the platform emphasized the multifaceted advantages of accepting Shiba Inu payments, positioning SHIB as more than just a meme coin but a movement.
🐶 Meme coins are serious business!
Accept $SHIB #cryptopayments and tap into the power of the #SHIBArmy.
It’s more than just a token; it’s a movement! @Shibtoken @ShibaEternity https://t.co/kpTVWl96Ex pic.twitter.com/2W3knhFkVc
— NOWPayments (@NOWPayments_io) August 11, 2024
NowPayments’ stance reflects the growing attention SHIB has garnered, particularly following the launch of Shibarium. It is clear that this development amplified the coin’s visibility within the crypto community.
Shiba Inu’s Rising Prominence
NowPayments has highlighted the immense potential of Shiba Inu, urging businesses to embrace SHIB payments and tap into the power of the SHIBArmy. The company has noted that Shiba Inu’s significance extends beyond its status as a crypto, calling it a movement driven by a passionate and active community.
This sentiment echoes the excitement that surrounded SHIB during its initial surge, which saw early investors reap significant profits. Now, after the launch of Shibarium, Shiba Inu is once again in the spotlight, drawing comparisons to the earlier boom that turned many into millionaires.
Integration of Shiba Inu Payments
Recall, in line with its advocacy for Shiba Inu, in 2023, NowPayments had introduced its Custodial Recurring Payments tool, specifically designed for NFT marketplaces to accept SHIB payments.
Note that NowPayments supports over 300 cryptocurrencies and offers features like auto coin conversion, ensuring that businesses can provide flexible payment options to their customers.
Shiba in Crypto Payments
Shiba Inu’s increasing prominence and positioning as a movement is evident not just in NowPayments’ advocacy but across the broader crypto payment landscape. Platforms like CoinGate have reported substantial growth in SHIB transactions, with a 76% increase in orders during the second quarter of 2024.
This surge can be attributed to CoinGate’s expansion of SHIB support to other networks, such as Binance Smart Chain (BSC) and Polygon, making it easier for users to adopt SHIB for various payments. Moreover, SHIB has been integrated into payment facilitators, including BitPay and Binance Pay.
The Shibarium Integration
Shibarium is the blockchain of Shiba Inu. Shibarium is the most important aspect of SHIB.
In 2023, NowPayments announced plans to integrate Shibarium, the layer-2 network of Shiba Inu, into its platform. This integration made NowPayments the first cryptocurrency payment gateway to support Shibarium once it went live on the mainnet.
According to NowPayments, this move received backing from Shiba Inu’s lead developer, Shytoshi Kusama.
Shiba Inu’s P2E Gaming
Additionally, Shiba Inu’s play-to-earn (P2E) game, Shiba Eternity, is expected to be a significant milestone for the Shibarium blockchain and its ecosystem tokens, SHIB and BONE.
Shiba Inu’s marketing lead, Lucie, has emphasized the importance of this game, which showcases the expanding utility of SHIB beyond just transactions.
