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Shiba Inu token set to be used for Porsche purchases

Shiba Inu

TL;DR Breakdown

• SHIB token has risen its price to over 2 percent in the last hours
• Porsche Townson will offer crypto payments in Shiba Inu through the BitPay server

The crypto trade reaches one of the most acclaimed vehicle agencies globally. Porsche has now accepted Shiba Inu as a payment method. However, this adoption will not be global but is promoted by Porsche Townson in Maryland.

Cryptos, especially SHIB, have been one of the most mentioned in recent months by celebrities such as Elon Musk, CEO of Tesla, and other big business people. SHIB is a meme token that would have a protocol similar to the one shared by Dogecoin, the original crypto meme.

Porsche in Maryland will accept Shiba Inu

Shiba Inu

One of the most famous Porsche dealers in the United States, Porsche Townson, has just accepted crypto as a payment method. The luxury car agency has reportedly joined forces with BitPay, a merchant server, to promote transactions in Shiba Inu. For a long time, BitPay has supported all these companies that seek to explore the crypto market. The commercial server works in about 10 thousand firms between national and international.

Although the Shiba Inu news seems refreshing, this is not the first time the token has been used within the automotive industry. In previous months the Tesla CEO, Elon Musk, spoke about SHIB payments. Musk has served as a promoter of crypto trading with SHIB, earning the token a top 15 ranking according to CoinMarketCap.

SHIB’s relationship with BitPay

Shiba Inu

The BitPay merchant server has a good relationship with the meme token, listed among the popular cryptos within their system. According to the head of BitPay, Pair Stephen, it has been great to be the dedicated platform for trading WITH Shiba Inu. Pair caters to a very active crypto community that often uses SHIB for its fast processes and low gas fees.

BitPay encourages entrepreneurs to accept crypto payments in SHIB and Bitcoin, Dogecoin, Wrapped Bitcoin, Ethereum, and Bitcoin Cash. Simultaneously, BitPay promotes the use of stablecoins such as USDC, USDT, or BUSD.

SHIB trades at $0.00002521, showing a 2.80 percent increase in its value during the last 24 hours. SHIB still ranks 15th based on its market capitalization on CoinMarketCap. The crypto meme is getting closer to surpassing Dogecoin, and the more it is accepted as a payment method, the greater its adoption will be.

Carisbel Guaramato

Carisbel Guaramato

An avid content creator for over 4 years, Carisbel spends her time on blogs and technology news. She honed her skills as a social communicator and now finds crypto and blockchain news events worldwide for transmission through Cryptopolitan's neutral and incisive way.

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