Payment Giant PayPal Responds to Shiba Inu Listing Request

The post Payment Giant PayPal Responds to Shiba Inu Listing Request appeared first on Coinpedia Fintech News

With over 1.3 million holders, the Shiba Inu ecosystem is bound to attract institutional investors. Up over 22,981,223 percent from its ATL, according to the latest crypto price oracles, Shiba Inu has obtained favor from most crypto traders. Moreover, SHIB has recorded a 24-hour trading volume of about $440,201,885 despite the sustained year-long bear market.

The upcoming Shibarium layer 2 (L2) network, which is anticipated to be released on Valentine’s Day, will bring more on-chain activity on the second-largest meme coin. Moreover, more developers are reportedly working on decentralized applications to launch on the Shibarium network 

Shiba Inu on PayPal?

Over the weekend, a Shiba Inu holder asked payment giant PayPal Holdings Inc. (NASDAQ: PYPL) whether it accepts SHIB for payment. The payment giant replied with the notion that such a payment can be organized. However, the company’s support updated its comments two days later that such a transaction is not available on its system.

The confusion has aroused the Shiba Inu community with the price down 7 percent in the past week. Exchanging around $0.00001297 on Tuesday, Shiba Inu takes pride in a market capitalization of approximately $7,643,722,502. The Shiba Inu ecosystem has a vibrant online community with its token system that includes $BONE and $LEASH.

A possible listing on PayPal could push the second-largest meme coin to mainstream adoption. Moreover, PayPal has over 200 million active accounts worldwide with thousands of merchants accepting it as a form of payment.