Shiba Inu Payments are set to gain prominence in around 25 different countries around the world following the partnership of two leading financial services companies, Apcopay and CoinPayments.
Apcopay partners with CoinPayments
On Thursday, February 22, CoinPayments, a cryptocurrency payment gateway, officially announced its partnership with Apcopay, an end-to-end global payment platform. Specifically, Apcopay has integrated CoinPayments into its payment operations, allowing customers to use the crypto payments platform to make financial transactions using an extensive cryptocurrency wallet.
Although CoinPayments supports more than 2,300 cryptocurrency assets, the crypto platform has made only 175 tokens available for payment purposes. Among the select number of tokens, dog-themed meme coin, Shiba Inu (SHIB) stands out as one of the top cryptocurrencies that CoinPayments customers can use to make payments around the world.
By leveraging the strong crypto platform infrastructure, Apcopay has enabled users to gain more access to Shiba Inu, exposing the cryptocurrency to over 1,200 merchants on its platform in 25 different countries.
Shiba Inu currently trading at $0.00000954 on the daily chart: TradingView.com
Responding to the new partnership, Apcopay Chief Commercial Officer (CCO) Daniel Buttigieg commemorated the alliance and praised CoinPayments as a pioneering global crypto payments provider. Similarly, CoinPayments Senior Business Development Manager Marc Bourgeois expressed his excitement about the collaboration and highlighted the potential for Apcopay to expand its reach to new audiences by introducing cryptocurrency payment options on your platform.
Mass adoption for SHIB
Through the integration of CoinPayments into Apcopay, users of both payment services will have full access to Shiba Inu payments, effectively. facilitating global adoption for cryptocurrency.
Recently, SHIB payments have become more popular, with over 10 different companies, including binance accepting Shiba Inu currency as a global payment method. The cryptocurrency already has a strong community, made up of thousands of SHIB enthusiasts who buy and store dog-themed tokens and use them to regular transactions.
According to previous data from In the block, SHIB has been gaining widespread adoption, seeing a major surge in new users in 2024. On February 17, the cryptocurrency's adoption rate skyrocketed to 39.27%, meaning at least two in five Active SHIB addresses were new to the network. This substantial increase in new users underlines the growing popularity and demand for cryptocurrency.
At the time of writing this article, the SHIB price is trading at $0.0000094, reflecting a 0.28% drop in 24 hours and a 2.73% drop over the past week, according to CoinMarketCap. Cryptocurrency has been slow developing with new projects in its ecosystem, with the aim of increasing its global adoption rate and driving its value upwards.
Featured image from Adobe Stock, TradingView chart
