CoinGate added support for the Shiba inu theme token, Shib, to step with the increasing trend of the crypto market.
After a better surge in the price of the Shiba inu between October to November, the trend is now getting down from Shiba to another flagship asset because of the bull sign of the crypto market. However, on 16 November, the market crashed because of the final approval of the $1 trillion infrastructure bill of the US but now the situation is again in the same phase with a bull run. But still, support of the Shiba inu token is not getting down. Recently, ZenGo added support for Shiba and now CoinGate entered.
On 17 November, a Lithuania-based crypto payment platform announced the support of the Shiba inu token.
At present, there are around 500 merchants in the world which are using the services of CoinGate to accept crypto payments. CoinGate is only focusing on the medium and small businesses to give support that is why they have affordable and better services for the small merchant’s businesses.
However, CoinGate is a payment system based service but still, users of CoinGate can easily trade with their assets. But the trade cost for crypto trading is 1%, which is very high over other crypto exchanges which are dedicated to the crypto trading services for their users.
In addition to trading, people can easily use their crypto assets to buy gift cards. With the use of gift cards, CoinGate users can easily use their assets to buy daily life needs products through online stores.
On the integration of the Shiba inu token in the CoinGate payment network, CoinGate said that they believe that every coin can be used for the payment purpose that is why they integrated the support for the Shiba inu coin.
“We believe that every currency can be a paying currency, therefore integrating Shiba Inu is a fascinating step for our community”
During the recent bull run and growth of the platform, CoinGate made its team stronger with a total of 50 workers.