Tuesday, February 7, 2023
HomeNewsShiba Inu is now a payment option on Dripto's online store

Shiba Inu is now a payment option on Dripto’s online store

Disclaimer: Here at 5minutecoins, we are providing our readers with pieces of information and details about the world of digital currencies and much more. This post is not provided to encourage you to invest, but to just give the recent and relevant details on the topic. We do not take any responsibility for your trading decisions.

  • Shiba Inu will now be used to facilitate online sneaker shopping.

Shiba Inu and Bitcoin acceptance as payment

According to recent tweets, Shiba Inu may reportedly be used to purchase sneakers online.  On the Dripto web store, where consumers can shop and offer shoes, clothes, and high-end accessories, the Shib token will now be accepted as a payment option. Additionally, a leading provider of corporate software, SAP, has partnered with BitPay to accept bitcoins for its products. For a variety of payment alternatives, SAP Commerce Cloud currently offers connections with several payment service providers. According to the report, clients are expecting SAP to make it possible for them to deal with cryptocurrencies and decentralized finances (Defi), facilitating transactions, wealth management, and crypto accounts. In December 2021, BitPay made a Shiba Inu announcement.

SHIB token burn and other significant news

Over 78,446,020 Shib tokens have been destroyed in the last day, as per the Shibburn Twitter account, which tracks this data. 

According to the latest report Shib as well as other accessible virtual currencies may now be transferred to and from the stock trading app Robinhood by users. In April, Shiba Inu officially launched on Robinhood.

Shiba Inu Whale Analysis, Credit: The Crypto Basic
Shiba Inu Whale Analysis, Credit: The Crypto Basic

Shib is currently among the top 10 largest Ethereum whales by transaction volume over the past 24 hours, as per WhaleStats. Data analyzed shows that large trades have grown by 54% over the last day. A payment typically costs over $100,000, and significant surges in transaction volume are occasionally correlated with increased engagement from whales that are either purchasing or offering. SHIB was priced at $0.000011, up by 5.54 percent.

Ujan Chakraborty
Ujan Chakraborty
Nothing but Blue Skies.
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