Leading cryptocurrency payment gateway BitPay has recently announced a partnership with London-based fintech firm Ramp Network to provide its users with the option to purchase over 20 supported cryptocurrencies, which include the meme-inspired token Shiba Inu ($SHIB).
The collaboration allows users to buy SHIB and other cryptocurrencies using the Ramp Network checkout through the BitPay web or mobile application, with the added benefit of instant delivery for purchases made using fiat currencies.
The integration of Ramp Network into BitPay’s platform comes as part of the company’s ongoing efforts to offer its customers a diverse range of payment options. In the past, BitPay has formed partnerships with various payment providers such as Simplex, Wyre, and MoonPay in order to cater to the unique needs of its clientele.
To buy SHIB and other cryptocurrencies through BitPay, users just need to enter the platform’s app or website and select the “buy crypto” option, which will give them access to a range of cryptocurrencies.
BitPay has also made headlines recently with its partnership with the world-renowned watchmaker Hublot, which now accepts SHIB as payment for its luxury timepieces. In 2021, BitPay added Apple Pay support for its cryptocurrency debit card.
Last year, through a BitPay partnership, Italian luxury fashion house Gucci started accepting cryptocurrency payments in several tokens including Bitcoin ($BTC), Ethereum ($ETH), and $SHIB. That program later on expanded to include tokens such as ApeCoin ($APE).
BitPay’s debit cards started supporting Shiba Inu back in December 2021. BitPay is the world’s oldest and most popular cryptocurrency payment processor for merchants and was established back in 2011.
As CryptoGlobe reported, the burn rate of SHIB has recently skyrocketed over 30,00% in a 24-hour period after token project Koyo moved forward with a 1.49 billion SHIB burn as part of its plan to support the meme-inspired cryptocurrency.
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