- SHIB can now use CoinGate to book Airbnb and purchase Nike and PS5.
- Binance Smart Chain (BSC) and Polygon have been integrated with Shiba Inu (SHIB) by Lithuanian fintech business CoinGate, increasing its usefulness.
This calculated action enables SHIB holders to reserve services like Airbnb and buy goods from well-known brands like Nike.
By serving as a conduit between cryptocurrency and conventional finance, the payment gateway CoinGate makes it easier to exchange digital assets for goods and services. SHIB tokens are now part of various platforms, which improves accessibility and gives holders of SHIB tokens lots of chances to engage in real-world transactions.
Furthermore, Shiba Inu is using it for more than just transactions. It’s making an effort to progress past its meme coin roots. The introduction of Shibarium, an Ethereum layer-2 scaling solution, is a major advancement in the effectiveness of blockchain technology.
Included in this release is a significant hard fork that was finished earlier this month. This should improve user experience overall by enabling speedier transactions and more consistent gas prices.
The Shiba Inu team garnered media attention in April when they raised $12 million to create a brand-new layer-3 blockchain. Notable investors like Polygon Ventures, Mechanism Capital, and Animoca Brands made large contributions to this financing round, demonstrating the growing trust in SHIB’s potential.
In spite of these developments, SHIB’s price has been leveling out. It has been oscillating between $0.00002379 and $0.00002227 since May 7. A breakout might drive the price up to $0.00002558, which would represent a gain of more than 13% over the current market value.
On the other hand, a collapse might cause the price to fall to about $0.00002080, which would be about 8% less than it is now.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
