Shiba Inu is now available for purchase on PayPal in the United States through MoonPay. This opens up new possibilities for adoption and could potentially increase the price of the cryptocurrency.
PayPal Partners with MoonPay
PayPal has partnered with MoonPay, a crypto payment platform, to allow US users to buy and sell cryptocurrencies. This includes Shiba Inu, the popular dog-themed cryptocurrency.
Access for Millions of Users
This partnership exposes millions of PayPal users in the US to Shiba Inu, which could drive up its price as new investors enter the market.
Price Surge
After the announcement, Shiba Inu’s price jumped from $0.000022 to $0.000024, a 7.72% increase in 24 hours.
MoonPay’s Role
MoonPay allows PayPal users to buy Shiba Inu and other cryptocurrencies through various payment methods, including bank withdrawal, PayPal balance, and debit card.
MoonPay’s Commitment
MoonPay’s CEO, Ivan Soto-Wright, emphasizes the importance of this partnership in expanding access to cryptocurrencies through trusted networks.
Other Cryptocurrencies Available
In addition to Shiba Inu, MoonPay will also offer access to other top cryptocurrencies such as Solana, Ethereum, Dogecoin, and Bitcoin.
Future Plans
MoonPay plans to integrate PayPal into its partner networks in the third quarter of 2024, which could further boost the adoption of Shiba Inu and other cryptocurrencies.
