Could This Be the Cause of Shiba Inu Prices Rising 10% Daily?
Shiba Inu has increased by 10% during the past day, following the general market uptick. Could there be another reason for the rise, though?
Bill Pay, a new service from cryptocurrency payment gateway BitPay, enables users to pay regular bills using their digital currency wallets.
Bill Pay will allow customers access to more than 5,000 service providers, including vehicle payments, mortgages, personal loans, and credit cards, according to a news release from BitPay dated August 8.
The new functionality, which is integrated into BitPay’s self-custody wallet, makes it simple for BitPay users to send money without the assistance of banks or other financial institutions.
Only 19 states will initially have access to the payment option, according to BitPay, including Florida, New Jersey, and Washington.
The new service, according to company CEO Stephen Pair, is a “monumental” move for underbanked communities. Additionally, he claimed that Bill Pay may revolutionise the sector and that BitPay users were among the biggest cryptocurrency users.
Shiba Inu up 10% after BitPay cards
After forming a new collaboration with Sardine to support Shiba Inu (SHIB) card payments in more than 180 nations, BitPay announced the introduction of Bill Pay.
Exciting news for whales, hodlers and new buyers!
We’ve partnered with@sardine to bring instant ACH bank transfers, lower fees, and high limits to the BitPay experience.
The partnership enables holders to make daily purchases totaling up to $3,000 in SHIB.
According to data from CoinGecko, the price of SHIB has increased by up to 10% in the last day due to the new use cases, with a cumulative gain of 20.39% over the past seven days.
SHIB 24-hour price chart | Source: CoinGecko
With a $426,342,686 24-hour trading volume, the dog-themed meme coin is now being traded for $0.00000995.
