Blockchain Wire, a press release distribution platform for blockchain and crypto news, has added Shiba Inu (SHIB) to its list of accepted cryptocurrencies. The Alpha Transform Holdings subsidiary announced the acceptance of SHIB on Tuesday.
In addition to Shiba Inu, Blockchain Wire is now able to process payments from Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Polygon (MATIC) and the stablecoins USDT and USDC.
Commenting on the integration of SHIB, Blockchain Wire CEO Michael Shuler said: “SHIB is a widely held token by many of our current and prospective clients. With the recent launch and bridge of Shibarium, it only makes sense for Blockchain Wire to accept such a broadly used token with a growing base of token holders and a rapidly developing layer-2 network.”
By introducing SHIB, over 1,800 companies within the industry are now able to pay for Blockchain Wire’s services with it. Ranked as the 16th largest cryptocurrency by market capitalization, SHIB currently holds a market cap of $4.4 billion.
Shiba Inu has transformed from a dogecoin-inspired meme token to one of the largest crypto communities, thanks to the launch of Shibarium and increasing whale interest. Despite the developments, SHIB’s price has decreased by 19% in the past 30 days.