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Rappi Mexico, a delivery app, now accepts Shiba Inus as payment

Users of Rappi Mexico, a delivery firm, will soon be able to make payments with cryptocurrencies, including Shiba Inu, according to Bitso, a Mexico-based cryptocurrency exchange.

“shibainuart,” a Twitter user dedicated to the SHIB community, responded to the news with, “Such excellent news!” “Without a doubt, the initiative will result in higher adoption $SHIB.”

After teasing its launch in late December, Bitso, Mexico’s largest cryptocurrency exchange, said in January that Shiba Inu (SHIB) was now available on its platform.

Rappi, a Colombian delivery software that allows for on-demand food and other items delivery across Latin America, has announced the start of a cryptocurrency payment pilot program in Mexico.

To support the new service, Rappi has partnered with cryptocurrency providers Bitpay and Bitso. Users will be able to convert cryptocurrency into credits and use them to make purchases within the app. Rappi has operations in nine Latin American countries and provides financial services in Mexico, Brazil, Peru, and Chile, with plans to start digital banking in Colombia later this year.

SlingTV, the American Cancer Society, Newegg, Menufy, the Carolina Hurricanes, and Twitch are just a few of the prominent firms that currently accept SHIB via BitPay.

BitPay began supporting the Shiba Inu coin in late 2021, allowing SHIB to be used at hundreds of BitPay merchants that accept Shiba Inu. Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), DogeCoin (DOGE), Litecoin (LTC), Wrapped Bitcoin (WBTC), and USD-pegged stablecoins (BUSD, DAI, GUSD, USDC and USDP) are all supported by BitPay.

Shiba Inu was one among the top gainers on the crypto markets on Tuesday, thanks to Robinhood’s addition of the meme coin to its crypto portfolio. At the time of publication, SHIB was trading at $0.0000263.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.