Shiba Inu: NOWPayments Partners With Shibarium to Boost Adoption

Paigambar Mohan Raj
Source: U.Today

Popular cryptocurrency payments platform, NOWPayments, has announced a new partnership with Shiba Inu’s (SHIB) Shibarium Tech. The partnership aims to boost adoption for the platform to build on Shibarium.

According to an official tweet, NOWPayments has applied for a partnership and has received a positive response from Shiba Inu (SHIB) lead developer, Shytoshi Kusama. The payments platform further added that collectively, they would boost crypto adoption and build on the upcoming layer-2 network.

The partnership is a positive development for the Shiba Inu (SHIB) ecosystem, and also for Shibarium adoption. Users will have access to a secure payment gateway that supports a variety of cryptocurrencies. Moreover, the positive response from Kusama is a bonus.

NOWPayments has actively supported SHIB payments throughout the months. The platform has played a vital part in spreading SHIB and general cryptocurrency adoption. With NOWPayments building on Shibarium, it may lead to more users heading toward the highly anticipated layer-2.

What will NOWPayments build on Shiba Inu’s Shibarium network?

With the launch of Shibarium, SHIB will cease to be an ERC-20 token. The asset will operate within its own blockchain. It is possible that NOWPayments will build wallet services and payment gateways for the new blockchain.

Furthermore, Shiba Inu (SHIB) is also working on its metaverse initiative, SHIB-The Metaverse. NOWPayments may also build a property on SHIB’s virtual world as part of the collaboration between the two projects. However, we still do not have a launch date for Shibarium. Although the team recently said that a partially ready metaverse may debut towards the end of 2023, they have not yet given a date for the layer-2 network.

Regardless, fans and users expect the launch to boost SHIB prices and adoption. Moreover, SHIB burns are also expected to significantly increase after the mainnet goes live. At press time, SHIB was trading at $0.00001094, up by 1.1% in the last 24 hours.