- Shiba Inu enthusiasts now have the luxury of being able to use their investments as actual payment on Amazon and Netflix
- In January 2022, John Nasr launched this new crypto exchange platform. Despite this, it has already integrated with various companies, such as WooCommerce, a popular plugin most websites use to facilitate payment services
- Shiba Inu’s market cap is estimated to be slightly above $26 million, while Dogecoin is over $30 million
The rate of cryptocurrency adoption is at an all-time high. Companies are incorporating crypto exchange platforms to design a new crypto payment service. From Google cloud and Coinbase partnership to MasterCard and Paxos, each is scrambling to dominate the new hybrid payment system.
Of course, the first crypto coin that comes to mind that can be able to achieve this feat is Bitcoin, but shockingly enough, several altcoins are giving Bitcoin a run for its money. Shiba Inu, the meme-coin everyone had doubts about, is making headway with its recent partnership with FCFpay. This new partnership has several unique benefits for both organizations and you as a crypto trader as a crypto payment service.
Brief Run-through of Shiba Inu coin
In August 2020, an anonymous user/group only known as Ryoshi created the meme-coin Shiba Inu. Initially, this started as a meme-coin; these are meme-inspired cryptocurrencies that generally begin as a joke. Shiba Inu’s design was based on Dogecoin as a joke, to merely poke fun, but no one expected it t gain much traction over the years.
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The crypto adoption of meme-coins has Dogecoin to thank. It was the first meme-coin, and like everyone else, we all thought it was some joke to demoralize crypto traders. However, this very meme-coin had more potential than anyone could expect. What turned out as a joke became the driving force for Shiba Inu to replace Dogecoin.Shiba Inu’s market cap is estimated to be slightly above $26 million, while Dogecoin is over $30 million. See how it’s not too far of. Its recent surge originated from ShibaSwap, their decentralized exchange platform. It essentially offers investors a chance to reap higher profits by investing in the meme-coin.
In October 2022. Shiba Inu age consumed metric registered a sharp spike during the trading session by as much as 127.77 trillion SHIB. This indicates that a large amount of the toke moved after being idle.
What is FCFpay
With the increased rate of crypto adoption and the rise of crypto payment services, more organizations are opting to adjust to the changing times. FCF, or French Connection Finance Pay, is an innovative payment gateway. This organization allows crypto investors to use cryptocurrency to purchase products and services.
Thanks to the increased crypto adoption rate, the era of converting your coin to fiat and waiting for the bank to process it is long gone.
FCFPay accommodates a variety of cryptocurrencies such as Cardano, Ethereum, Bitcoin, Dogecoin and most recently, Shiba Inu.
FCFPay also benefits the Merchant by giving them the option of accepting payment through fiat or crypto. In addition, if they are registered users they receive a low fee structure. The low fee is significantly lower than existing credit card companies like PayPal. To add the cherry on top, the crypto payment service offers instant transactions; gone are the days when you’d had to wait hours, days and weeks for payment to be processed.
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In January 2022, John Nasr launched this new crypto exchange platform. Despite this, it has already integrated with various companies, such as WooCommerce, a popular plugin most websites use to facilitate payment services.
Shiba Inu, FCFPay, Netflix and Amazon collaboration
Shiba Inu enthusiasts now have the luxury of being able to use their investments as actual payment on Amazon and Netflix. The entire Shiba ecosystem is affected by this pivotal moment in the communities history, including the likes of SHIBA INU (SHIB) Bone and Leash.
This new feature is possible through FCFPay, as they introduced the meme-coins ecosystem in July of 2022 and have already created a massive crypto adoption. Over 5 million online stores support the ecosystem a feat not many have accomplished.
No one ever expected that Shiba Inu’s popularity would grow this much. Most of the time, the meme coin is used in-game to purchase virtual layers or clothing. However, it is now venturing into the world of crypto payment services.
Shiba Inu might have the capacity to outrank Dogecoin shortly. It also recently partnered with a top digital fundraising platform, The Giving Back. It made it possible for the Virunga National Park (Africa’s oldest park) to accept the meme-coin as a form of donation.
Shiba Inu has not stopped there, as BitPau and Germany-Based SAP SE show interest in the meme coin’s progress. They formed a partnership with Siba Inu enabling SAP SE employees to receive part of their salary in SHIB tokens.
How will the first meme-coin, Dogecoin respond to this bold threat to its dominance?