6 months ago
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Shiba Inu (SHIB) has expanded into the e-commerce market, scoring another major listing from the cryptocurrency payment platform, CoinGate. The payment company disclosed that it had boosted its cryptocurrency offerings with the doggy-themed cryptocurrency, allowing users to purchase traditional products like sports gear, gift cards and more.
Shiba Inu New Listing
In a recent X (formerly Twitter) post, CoinGate announced that it had officially integrated Shiba Inu into its list of cryptocurrency payments. The popular blockchain payment processor not only listed Shiba Inu but extended its support for Polygon (MATIC) and Binance Chain (BNB).
As a payment gateway for web-based crypto payments, CoinGate offers a variety of cryptocurrency options, including USDT, Bitcoin, Dogecoin, Ethereum, Litecoin, XRP, Tron and now Shiba Inu. On this platform, cryptocurrencies are used to buy gift cards like Amazon, Xbox, eBay and many more.
Additionally, CoinGate acts as a gateway between the cryptocurrency industry and traditional finance, enabling the modern trade of products and services in exchange for cryptocurrencies.
The blockchain payment processor revealed in its post that users now have the capability of using Shiba Inu tokens for a myriad of transactions, including booking Airbnb accommodations, acquiring the latest games from gaming providers like Steam and PS5, and refreshing their wardrobes with purchases from renowned brands like Nike and Zalando.
Amidst the present soaring demand for Shiba Inu, this new listing stands as further evidence to its popularity in the cryptocurrency and financial landscape. Numerous crypto payment platforms and exchanges have added the popular meme coin to their crypto offerings this year alone. A prime example is Shiba Inu’s recent addition to Binance’s Japan listing which has exposed the cryptocurrency to Japanese markets.
SHIB To See Major Adoption?
As a Lithuanian-based company in Europe, CoinGate opens more doors for Shiba Inu, expanding its reach to European customers in a population with millions of people.
The integration of Shiba Inu into the e-commerce landscape also marks a significant milestone for the cryptocurrency, positioning it for widespread adoption and establishing it as a viable financial solution for facilitating international payments.
This move not only expands the token’s already robust utility but also enhances its appeal to global audiences. As a meme coin boasting the second largest market capitalization, exceeding $14 billion, Shiba Inu has steadily gained influence, securing over 50 listings from top cryptocurrency payment providers.
The cryptocurrency has also seen its price surge following the announcement of the new listing. At the time of writing, SHIB is trading at $0.000023, marking a 6.35% increase over the past 24 hours.
Just a day ago, the price of the doggy-themed meme coin hovered around $0.000022. However, as investors and traders have begun showing increasing interest in Shiba Inu, the cryptocurrency experienced a remarkable 313.5% surge in its daily trading volume, surpassing $979 million.
Featured image from The Shiba Daily, chart from Tradingview.com
