- NOWPayments partners with Shiba Inu’s Shibarium Tech.
- Aim to boost crypto adoption and build on upcoming layer-2 network.
The prominent cryptocurrency payments platform, NOWPayments, has recently unveiled its collaboration with Shiba Inu’s (SHIB) Shibarium Tech. This alliance is designed to drive the adoption of the platform and foster development on Shibarium.
🚀 Exciting news, #ShibArmy!NOWPayments is thrilled to collaborate with @Shibariumtech 🤝
We've applied for a partnership and got a positive response from @ShytoshiKusama! Together, we'll boost #crypto payment adoption & build on #Shibarium
Stay tuned for updates 👀
— NOWPayments (@NOWPayments_io) April 12, 2023
Positive Response from Shiba Inu Lead Developer
An official tweet revealed that NOWPayments submitted an application for partnership and received an affirmative reply from Shiba Inu (SHIB) lead developer, Shytoshi Kusama. The payments platform emphasized that together, they will enhance crypto adoption and contribute to the upcoming layer-2 network.
The collaboration is a favorable development for the Shiba Inu (SHIB) ecosystem and Shibarium adoption. Users can benefit from a secure payment gateway that supports numerous cryptocurrencies.
NOWPayments’ Support for SHIB Payments
Over the past months, NOWPayments has actively facilitated SHIB payments. The platform has been instrumental in promoting SHIB and widespread cryptocurrency adoption. With NOWPayments developing on Shibarium, more users may be attracted to the highly anticipated layer-2 network.
Potential NOWPayments Development on Shibarium Network
Upon the launch of Shibarium, SHIB will no longer be an ERC-20 token and will operate within its own blockchain. NOWPayments might create wallet services and payment gateways for the new blockchain.
In addition, Shiba Inu (SHIB) is currently working on its metaverse project, SHIB-The Metaverse. NOWPayments could potentially develop a property within SHIB’s virtual world as part of the cooperation between the two initiatives. Although no launch date for Shibarium has been announced, the team hinted at a partially ready metaverse debuting towards the end of 2023. However, a specific date for the layer-2 network remains undisclosed.
Nevertheless, the community anticipates that the launch will elevate SHIB prices and adoption. Furthermore, SHIB burns are expected to substantially increase once the mainnet goes live. At the time of writing, SHIB was trading at $0.000011139, experiencing a 4,4% increase over the last 24 hours.
