A million businesses can now accept Shiba Inu and swap for 160 currencies

March 21, 2023

By Anjali Kochhar

Crypto payment gateway NowPayments has announced that it is now offering a special fiat-to-crypto payment solution created in partnership with Guardarian.

With the help of this solution, millions of businesses will now be able to accept SHIB and swap it into more than 160 currencies.

NOWPayments also allows online merchants to accept SHIB token payments via special plugins compatible with PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart and many more.

Meanwhile, the average transaction size of Shiba Inu has recently seen a significant increase of almost 50%.

Such an increase could be an indicator of SHIB whales’ growing activity, which is pushing massive amounts of tokens and potentially driving up demand for the cryptocurrency.

At the moment, the average transaction size on the Shiba Inu network stands at around $11,000. Compared to earlier levels, which were roughly $7,000, we can see substantial growth.

The sudden rise in transaction size suggests that large players such as whales are becoming more active on the network, pushing up demand for SHIB tokens.

As per CoinMarketCap, Shiba Inu was trading at a 2.37% lower price compared to the previous 24 hours, at the time of writing.

About the author

Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.

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