BitPay, a leading cryptocurrency payment, and exchange service announced retail support for Shiba Inu (SHIB) payments. This would open the gates for SHIB holders to pay for their daily needs items at thousands of BitPay retailers. SHIB has seen a slew of adoption over the past couple of months, right from mainstream crypto exchanges to retail giants. However, the latest BitPay retail integration for SHIB has not gone down well with Cardano founder Charles Hoskinson.
ATTENTION: #shibarmy, we’re excited to announce consumers can now pay and merchants can immediately accept Shiba Inu (SHIB) for payments. Read more: https://t.co/xnWbmqMdzX #SHIB #shibainu #crypto pic.twitter.com/zCretwh87S
— BitPay (@BitPay) December 9, 2021
Hoskinson took to Twitter to question BitPay’s latest announcement and SHIB integration, pointing towards a poll started by the crypto exchange firm in November. Hoskinson indicated that the poll didn’t have any meaning and it was just a PR gimmick.
What was the point of the poll? https://t.co/MBjBMktjE3 pic.twitter.com/R1bUg8OUQg
— Charles Hoskinson (@IOHK_Charles) December 10, 2021
SHIB’s price might have plunged more than 60% from its top in October, but the meme currency continues to forge new partnerships to keep itself afloat. Recently, Kraken, another popular crypto exchange listed the altcoin after months of teasing. The price of SHIB climbed nearly 30% in the aftermath of the listing but bled out all the gains in the following two weeks.
Shiba Inu Community Hopeful of Robinhood Listing
Shiba Inu community is adamant about getting the altcoin listed on Robinhood, the popular fintech app. The SHIB community has been running social media campaigns including an online petition that got hundreds of thousands of signatures.
Robinhood COO had earlier praised SHIB for a strong community but said that the exchange listing is from a security point of view. She had hinted at the time that the platform is not looking to list SHIB anytime soon. However, rumor mills are rife again that Robinhood could possibly discuss SHIB listing in their upcoming company meeting.
SHIB is evolving as an ecosystem and looking to venture into the Metaverse with P2E gaming as well, but its dependence on a new listing and the Robinhood obsession could prove to be a major hurdle for price momentum.
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