Shiba Inu Payments Expand Globally Through Apcopay and CoinPayments Partnership
Shiba Inu (SHIB), the popular dog-themed meme coin, is set to gain widespread recognition and adoption in approximately 25 countries worldwide. This comes as a result of a strategic partnership between two prominent financial service companies, Apcopay and CoinPayments.
Apcopay Integrates CoinPayments for Crypto Payments
CoinPayments, a leading cryptocurrency payment gateway, announced its collaboration with Apcopay, an end-to-end global payment platform. As part of the partnership, Apcopay has integrated CoinPayments into its payment operations, allowing users to leverage the crypto payments platform for conducting financial transactions using a wide range of cryptocurrencies.
While CoinPayments supports over 2,300 cryptocurrency assets, only 175 tokens are available for payment purposes. Among these select tokens is Shiba Inu (SHIB), which stands out as a major cryptocurrency that CoinPayments clients can use for making payments globally.
By utilizing the robust infrastructure of CoinPayments, Apcopay has enabled its users to access Shiba Inu more easily. This exposure allows the cryptocurrency to be utilized by over 1,200 merchants on the Apcopay platform across 25 different countries.
The Chief Commercial Officer (CCO) of Apcopay, Daniel Buttigieg, expressed his appreciation for the partnership and praised CoinPayments as a pioneering global crypto payments provider. Similarly, Marc Bourgeois, Senior Manager of Business Development at CoinPayments, highlighted the potential of Apcopay to expand its reach and introduce cryptocurrency payment options to new audiences.
Driving Global Adoption for SHIB
The integration of CoinPayments into Apcopay enables users of both platforms to have seamless access to Shiba Inu payments, leading to increased adoption of the cryptocurrency on a global scale.
Shiba Inu payments have gained significant popularity recently, with more than 10 companies, including Binance, accepting SHIB as a global payment method. The cryptocurrency has a strong community of enthusiastic holders who buy and store the tokens for regular transactions.
Data from IntoTheBlock shows that SHIB has been experiencing widespread adoption, with a notable increase in new users in 2024. On February 17, the adoption rate of SHIB reached 39.27%, indicating that nearly two out of every five active SHIB addresses were new to the network. This surge in new users demonstrates the growing demand and popularity of the cryptocurrency.
Currently, the price of SHIB is trading at $0.0000094, with a 24-hour decline of 0.28% and a 2.73% drop over the past week, according to CoinMarketCap. The cryptocurrency is steadily developing its ecosystem with new projects aimed at increasing its global adoption rate and driving its value upwards.
Featured image from Adobe Stock, chart from TradingView
๐ฅ Hot Take: Shiba Inu Payments Gain Momentum Through Partnership ๐ฅ
The partnership between Apcopay and CoinPayments marks a significant milestone for Shiba Inu (SHIB), as it opens doors for increased recognition and adoption worldwide. Hereโs what you need to know:
- Apcopay, an end-to-end global payment platform, has integrated CoinPayments into its operations, allowing users to make transactions using various cryptocurrencies.
- CoinPayments supports over 2,300 cryptocurrency assets, with Shiba Inu (SHIB) being one of the major cryptocurrencies available for payments.
- Through this collaboration, Shiba Inu payments will be accessible to over 1,200 merchants across 25 countries using Apcopayโs platform.
- The Chief Commercial Officer of Apcopay and the Senior Manager of Business Development at CoinPayments both express excitement about the partnership and its potential to expand cryptocurrency payment options.
Shiba Inu has been gaining traction in recent times, with multiple companies accepting SHIB as a global payment method. The cryptocurrencyโs adoption rate has seen a significant increase, indicating growing popularity and demand.
This partnership not only facilitates global adoption for SHIB but also contributes to its development as new projects are introduced to increase its value. With the integration of CoinPayments into Apcopay, Shiba Inu payments are expected to gain even more momentum in the crypto space.
Bitro Conwell stands as an intellectual architect, weaving together the roles of crypto analyst, meticulous researcher, and editorial virtuoso with finesse. Amidst the digital intricacies of cryptocurrencies, Bitro’s insights resonate harmoniously with seekers of all stripes, showcasing a profound understanding. His ability to untangle the most complex threads within the crypto landscape seamlessly pairs his their editorial finesse, transforming intricacy into an artful tapestry of comprehension.