What does Shiba Inu’s price surge today have to do with PayPal?
Release: 2024/05/04 21:44 Reading: 279
Shiba Inu (SHIB) Purchase Now Available on PayPal
PayPal users in the United States can now purchase Shiba Inu (SHIB) tokens thanks to a recent partnership with MoonPay, a leading crypto payment processor.
MoonPay's Partnership with PayPal
MoonPay announced its collaboration with PayPal on Thursday, aiming to simplify the process of converting fiat currency into crypto assets like Shiba Inu.
Shiba Inu's Price Rally
Shiba Inu's price has experienced a surge, currently trading at $0.00002553, a 12.1% increase in the last 24 hours. This collaboration enables PayPal users in the U.S. to conveniently purchase SHIB using MoonPay's crypto payment platform.
Streamlined Crypto Purchases
The integration streamlines the process for MoonPay customers with PayPal accounts to acquire crypto coins. Users can choose to fund their crypto purchases using their PayPal balance, debit cards, or direct bank transfers. Existing PayPal users can avoid manually entering details for crypto transactions.
Additional Crypto Coins Available on PayPal
In addition to SHIB, MoonPay supports over 110 crypto coins, including Bitcoin, Ethereum, Cardano, and Solana. These assets can be conveniently purchased using PayPal balances.
US PayPal Users Can Now Purchase:
- Solana
- Cardano
- Chainlink
- Polkadot
- Shiba Inu
- Dogecoin
Limited Support and Future Expansion
Certain cryptocurrencies supported by MoonPay are not currently available for purchase through PayPal in the U.S. However, MoonPay anticipates expanding this service to its partner networks by the end of the year.
Sell Cryptocurrencies through PayPal
MoonPay has announced plans for U.S. users to sell cryptocurrencies through PayPal in the coming months. The payment processor also aims to extend this service to users in the U.K. and the EU.
DEX Marswap Supports PayPal Purchases
The DEX Marswap, built on the Shibarium platform, recently introduced a feature that allows investors to purchase and trade BONE tokens from the Shiba Inu ecosystem using PayPal.
SHIB's Token Burn
Despite recent selloffs, SHIB's price has remained resilient, continuing its upward trend above the resistance level of $0.00002315. The token burn rate has increased by 1009% in the last 24 hours, destroying 29.11 million SHIB tokens.
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The surge in the burn rate has contributed to the upward price momentum, aligning with broader market trends. SHIB has reached the psychological level of $0.000025, attracting investor interest and speculation about its future price movements.
Shiba Inu Community's Decision
The Shiba Inu crypto community has rejected a hard fork upgrade for Shibarium, fueling optimism for its cryptographic journey. The data presented provides a positive outlook for SHIB's future, maintaining investor interest in the token.
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