A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. The community should withhold conclusions about BitPay’s listing policy and social media marketing until then.One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. While BitPay has yet to comment on the situation or clarify whether the poll influences listing decisions, submitting a vote shows that the poll will run until December 30. However, despite the apparent disconnect between the poll results and listing announcements, there is still a possibility that Cardano could get listed on BitPay. It shows Cardano leading the poll with 41% of the votes, followed by Tron with 36%, and Shiba Inu making third at 17%. He captured the voting results as they stood on December 10. One Twitter user echoed Hoskinson’s sentiment. What was the point of the poll? /R1bUg8OUQg In response to BitPay’s $SHIB listing, the Cardano founder took to Twitter to ask, “what was the point of the poll?” if the payment provider was always going to list Shiba Inu anyway. Source: SHIBUSDT on Cardano founder vents his frustration Should this break, the next significant support level lies at $0.00002942. While a local bottom, of $0.00003318, was established on Friday and Saturday just gone, it looks as though a retest of that level is incoming.
But, despite the positive developments, the price of $SHIB remains caught in a six-week downtrend.
Shiba Inu holders can now spend their $SHIB tokens at more than 40,000 physical locations in the U.S and Canada, including in Barnes and Noble, Bed Bath & Beyond, Lowe’s hardware, Nordstrom, Office Depot, Whole Foods Market, and GameStop.īoth cases demonstrate strengthening fundamentals for Shiba Inu. Meanwhile, over the weekend, Gemini-backed digital payment network Flexa announced they too were adding support for $SHIB. Now you can buy, store, swap and spend with this Ethereum ERC-20 token directly in the BitPay app.” “Attention SHIBArmy! Shiba Inu (SHIB) joins the lineup of coins now available at BitPay. In a blog post, the crypto payment provider said buying, storing, swapping, and spending $SHIB was now possible via its app. On the same day as posting the poll, BitPay announced support for Shiba Inu. This drew criticisms concerned why BitPay would hold the poll in the first place.īut has the situation been taken out of context? Shiba Inu is on a roll despite stalling price However, BitPay decided to support $SHIB even before the poll ended. The options included a choice of 15 prominent tokens, such as Algorand, Polygon, and Avalanche. On December 8, BitPay posted a Twitter poll asking users which token they would like to see listed. Crypto payment provider BitPay irked Cardano founder Charles Hoskinson by listing $SHIB over $ADA, despite the results of a user poll favoring the latter.
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