- Binance has launched the Binance Pay WooCommerce plugin that enables merchants to accept Shiba Inu payments on their WordPress websites.
- The plugin is designed to power all WordPress stores and enables 40% of the world’s websites to accept Shiba Inu as a payment method.
Binance Expands Shiba Inu Use as a Payment Method
Binance Pay, the payment service of Binance, has been expanding the use of Shiba Inu as a payment method. Since November 2022, users have been able to spend Shiba Inu tokens at stores and businesses that accept the payment service. Binance Pay supports more than 70 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE).
The partnership between Binance Pay and ivendPay allows users to pay for goods and services at over 400 merchants using Shiba Inu tokens.
Shibarium Set to Welcome Trading Bots
Shibarium, a layer-two network for Shiba Inu, may soon welcome trading bots when it launches on the mainnet. NowNodes, a blockchain node infrastructure provider, recently provided a guide on how investors can build a custom trading bot on the network. The guide includes instructions on defining a trading strategy, installing tools and libraries, importing data and retrieving prices, and constructing the bot’s logic with Python.
NowNodes noted that the custom trading bots built from the guide would have restricted functionality to minimize trading risks, but investors can modify them to enhance capabilities.
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Advantages of Trading Bots for Shibarium Investors
Trading bots can help investors in several ways, including automation of trades and reduced emotional decision-making. Automation has become popular among investors who want to hedge against emotional decision-making. The inclusion of trading bots on Shibarium can help attract investors who seek to automate trades and increase adoption.
The guide by NowNodes is another way of supporting the Shiba Inu community and could lead to a surge in the use of trading bots on Shibarium. Recently, Binance added support for Shiba Inu on its Auto-Invest service to allow SHIB investors to automate investments in the asset.
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