Australian Energy Retailer Starts Accepting Crypto, Including Dogecoin ($DOGE) and Shiba Inu ($SHIB)

Australian energy firm 1st Energy has started accepting cryptocurrency payments through the old and most popular cryptocurrency payments processor BitPay. The firm now accepts payments in several assets including meme-inspired tokens Dogecoin ($DOGE) and Shiba Inu ($SHIB).

According to an announcement shared by BitPay, the firm became Australia’s first energy retailer to accept cryptocurrency payments. Aside from the meme tokens, it also accepts leading cryptos including Bitcoin, Ethereum, Litecoin, and stablecoins including $DAI, $USDC, $USDP, $BUSD, and others.

BitPay, as CryptoGlobe reported, was established back in 2011 and added support for Shiba Inu late last year. The meme-inspired cryptocurrency, through BitPay’s debit card, started being available in numerous locations including the world’s largest company by revenue Walmart.

Adam Aron, the CEO of movie chain giant AMC, has said in late February the firm would add support for BitPay-powered online payments later this month, with support for cryptocurrency payments on its mobile applications rolling out by April 16.

These development come shortly after leading digital payments platform Wirex, which has over 4.5 million users and allows them to spend dozens of currencies at more than 80 million locations worldwide, has added support for SHIB.

The SHIB community has recently seen the cryptoasset partner with Italian high-end designer wear John Richmond in a bit to launch a non-fungible token (NFT) based fashion collection later this year.

Through its partnership with John Richmond, the team behind the meme-inspired cryptocurrency has secured advertisements with Milan’s city council, allowing it to place logos on the ‘1825’ numbered tram in the city, exposing it to Milan’s residents.

The partnerships comes after the team behind the cryptocurrency announced the upcoming launch of a token burning portal that is set to help the cryptocurrency’s community burn tokens in an effort to reduce its circulating supply.

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