CoinGate adds Shiba Inu (SHIB) to its product offerings

By: Ali Raza
Ali Raza
Ali plays a key role in the cryptocurrency news team. He loves travelling during his spare time and enjoys… read more.
on Nov 18, 2021
  • CoinGate has announced the addition of SHIB in its product offerings.
  • With this integration, Shiba Inu will be available to over 500 merchants on the platform.
  • CoinGate users can also buy the meme coin at a 1% rate.

The Shiba army is celebrating a piece of good news after Shiba Inu (SHIB/USD) was added to the product offerings of CoinGate. CoinGate is a crypto payments service firm, and with this addition, Shiba Inu will now be accessible to traders and merchants on the platform.

According to a blog post by CoinGate, anyone that owns Shiba Inu tokens will have better ways of spending the tokens. Moreover, users who want to own the meme coin can also buy it at a 1% rate.

Shiba Inu integrated into CoinGate’s trading services

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The post further stated that the addition of Shiba Inu into CoinGate will allow over 500 merchants that use the platform to accept the meme coin as a means of payment from shoppers. The post read,

Lastly, with the Shiba Inu token integrated into our gift card store, CoinGate becomes one of the few crypto gift card providers who allows purchasing everyday-life necessities with this altcoin.

The blog post also states that every cryptocurrency can be used as a means of payment. Therefore, the addition of Shiba Inu is an important step for the entire community. CoinGate also mentions the success that meme coins, specifically Dogecoin and Shiba Inu, have enjoyed this year.

CoinGate noted that both of these meme coins have overwhelming community support. Moreover, they have gained in popularity due to the hype garnered from social media posts. This has placed them in a position where they can be used for payment across different platforms.

Shiba Inu’s adoption is growing

Shiba Inu has enjoyed major growth in recent months. Last month, the meme coin reached an all-time high of $0.000086 due to the token’s increased hype. Moreover, the token has been listed on top cryptocurrency exchanges, increasing its market scope.

After listing on top exchanges such as Binance and Coinbase, the token was also listed on Gemini and Crypto.com. Earlier this week, Kraken had hinted that it would list the token, which has created a buzz among Shiba Inu holders. The meme coin is yet to be listed on Robinhood despite the Shiba Army collecting half a million signatures to petition the exchange to list the coin.

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