More merchants are accepting Shiba Inu (SHIB) as a payment method after crypto platform CoinGate integrated the token
CoinGate adds Shiba Inu In a blog post, CoinGate revealed that over 500 merchants can now accept SHIB which has also been integrated into the platform’s gift card store. Additionally, the inclusion of Shiba Inu in the CoinGate trading system allows users to purchase SHIB at a rate of 1%.
“We are delighted to announce that Shiba Inu (SHIB) has been introduced as our new cryptocurrency! Every CoinGate customer, from traders to traders or gift card buyers, can now accept, buy, trade or spend this burgeoning memecoin for whatever they want, ” Coingate said with satisfaction.
SHIB PRICE EVOLUTION
SHIB is among the most notable cryptocurrencies of 2021, posting an increase of 483.7% year-to-date. At the time of writing, the cryptocurrency is trading at $ 0,000,048, down 4% in the past 24 hours.
Currently, the Shiba Inu is aiming for another record despite price bottlenecks at every lower peak, suggesting consolidation. Therefore, the currency could break free from the downtrend causing an eventual rise.
Notably, the possibility of receiving high returns could force players in the crypto market to store SHIB tokens at the current low level thus triggering a surge.
Overall, the activity of the SHIB community has pushed the token to new heights of popularity. Shiba Inu and Binance Coin (BNB) recently ranked among the most popular cryptocurrencies on the Binance crypto exchange platform.