NOWPayments, a well-known cryptocurrency payment platform, has partnered with Shibarium, the team behind the Shiba Inu (SHIB) cryptocurrency. This collaboration aims to increase the adoption of NOWPayments’ platform and expand its use within the Shibarium ecosystem.
In a recent tweet, NOWPayments confirmed that they had expressed their interest in partnering with Shiba Inu’s (SHIB) lead developer, Shytoshi Kusama, and have received a favorable response. The payment platform stated that the collaboration aims to increase the adoption of cryptocurrencies and focus on developing the layer-2 network.
The collaboration between NOWPayments and Shiba Inu (SHIB) is a welcome development for the ecosystem, particularly regarding Shibarium adoption. Users can benefit from a reliable payment gateway that accepts various types of digital currencies. Additionally, the approval from Shytoshi Kusama, the lead developer of SHIB, is a significant boost for the partnership.
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NOWPayments has been a strong advocate for SHIB payments and has played a crucial role in promoting SHIB and cryptocurrency adoption. The platform’s support for SHIB payments has been ongoing for several months and has been instrumental in raising awareness of digital currencies. The partnership between NOWPayments and Shibarium Tech is expected to facilitate further growth in SHIB adoption, particularly with developing the highly anticipated layer-2 network.
What Role Does the NOWPayment Play For Shibarium Launch?
Shibarium’s launch will see SHIB move away from its current status as an ERC-20 token and become a standalone asset on its own blockchain. NOWPayments is expected to play a significant role in developing wallet services and payment gateways for this new blockchain, making it more accessible to users.
In addition to the development of Shibarium, Shiba Inu (SHIB) is also working on creating its own metaverse, known as SHIB-The Metaverse. As part of the collaboration between NOWPayments and SHIB, there are plans for NOWPayments to develop a property on SHIB’s virtual world. However, there is currently no official launch date for Shibarium. While the team recently mentioned the possible debut of a partially ready metaverse by the end of 2023, they have not yet provided any specific dates for the launch of the layer-2 network.
Despite the absence of a confirmed launch date, there is widespread anticipation that the rollout of Shibarium will positively impact SHIB prices and adoption. Additionally, implementing the mainnet is expected to lead to a significant increase in SHIB token burns.
As of the time of writing, SHIB was trading at $0.00001102, marking a 1.72% increase in value over the past 24 hours.
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