NOWPayments opened an avenue for retailers to accept Shiba Inu as a form of payment through their backend-payment integration support. The firm got on board Lowe’s, Petco, Bed Bath & Beyond, Ulta Beauty, among others to accept SHIB as a legal transaction. The retailers’ check-out page shows an option ‘pay with cryptocurrency’ and Shiba Inu is one among the choices to transact. NOWPayments has reportedly added more than 40 retailers to transact with SHIB and the numbers are gradually growing.
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Also, in December 2021 alone, 10 different companies around the world came forward and accepted SHIB as payment.
In a recent tweet, NOWPayments highlighted why retailers need to accept Shiba Inu as a form of legal payment and gave an in-depth explanation of how it could benefit their businesses. “WOOF! #shiba breaks in again! #SHIBARMY won’t let you ever get bored. Have you seen all these amazing merchants who accept $SHIB? Check this out!” the tweet read.
The tweet takes users to their webpage that reads, “Accept Shiba Inu Payments” and “Start accepting Shiba Inu”. They also gave a detailed explanation as to why adding SHIB could be beneficial to their business.
“The popularity of the SHIB token is astonishing. With countless Facebook groups, millions of followers and tweets, as well as headlines in the mainstream media, it seems that soon SHIB will really overtake its opponent. In addition, a crucial factor is that Shiba Inu operates on the Ethereum blockchain, which has an excellent reputation and security. By giving your clients the opportunity to pay for your goods with SHIB, you will undoubtedly attract a crowd of new customers. Moreover, this is a great payment solution that gives you an edge over your competitors,” the NOWPayments website read.
Shiba Inu and NOWPayments
Shiba Inu stands to gain with NOWPayments as the firm is adding new retailers onboard to transact with blockchain technology. Once more and more retailers start to accept SHIB, its price could sustainably scale up and reach a wider audience. NOWPayments aims to make customers feel comfortable by paying through cryptos and the firm seems to be succeeding in it.
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The year 2022 could see many more companies come forward in accepting SHIB and also ‘burn’ tokens in the process. Also, a complete list of what SHIB has in store for 2022 can be read here.
At press time, Shiba Inu was trading at $0.00002810 and is up +23.3% in the 24-hours day trade.