The Shiba Inu (SHIB) cryptocurrency has gained popularity in the cryptocurrency space thanks to its loyal community and the fact that it is considered the alternative to Dogecoin. Amid investor excitement, payment giant PayPal has received a query about whether it would accept SHIB as a form of payment. Meanwhile, Shibarium, a Shiba Inu layer 2 scalability platform, is expected to be released. Next, both news will be analyzed.
PayPal and Shiba Inu. A partnership in the future?
PayPal is one of the world’s largest companies in the online payments space. Although it has been in the cryptocurrency space for over two years, the company only supports four different cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. AdRock_0x, representing SHIB ARMY, recently asked PayPal if they would accept SHIB as a form of payment.
The response from the PayPal support account was that they don’t support it, but the possibility that they might in the future is not ruled out. This is good news for the Shiba Inu community, as this could increase adoption and demand for SHIBs. However, it is not yet known when or if an agreement between PayPal and Shiba Inu will ever be reached.
When will Shibarium be released?
Since early 2023, there has been much talk about the release of Shibarium, a Shiba Inu Layer 2 scalability platform that will significantly reduce gas costs and support scalability on the platform. Although Shibarium was expected to launch on February 14, lead developer Shytoshi Kusama has hinted that the launch might be delayed.
Shytoshi Kusama has been criticized for not sharing Shibarium’s actual release dates, only responding “very soon”. With the response from the lead developer that “I don’t have an exact date because the release of Shibarium doesn’t happen by chance”, investors will have to wait a bit longer for Shibarium’s release date.
The consultation of the Shiba Inu community on the possible acceptance of SHIB as a form of payment by PayPal and the delay of the launch of Shibarium are relevant news for the Shiba Inu community.
If PayPal accepts SHIB as a form of payment, this could increase demand for the cryptocurrency. On the other hand, the launch of Shibarium could be an important milestone for the platform and the Shiba Inu community.. While Shibarium is expected to reduce gas costs and support scalability, it is not yet known when the platform will launch.
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