Shiba Inu users can now pay bills without the need for a bank account, thanks to BitPay, a well-known crypto payment gateway that recently unveiled a brand-new payment service called BitPay Bill Pay. The leading payment service provider has teamed up with embedded banking service Method Financial to enable the real-time retrieval of bills and liabilities.
Customers would be able to pay off bills directly from BitPay’s self-custody wallet application through BitPay Bill Pay, including credit card and mortgage payments, car loans, and personal loans, as stated in the official notice.
“Paying everyday bills without a bank account is a monumental step for the crypto and unbanked community,” says BitPay CEO, Stephen Pair. “BitPay customers are some of the most prominent crypto spenders in the world, so we believe this will be a game-changing solution for both crypto users and service providers.”
A number of well-known cryptocurrencies, including ERC-20 tokens and stablecoins, are supported by BitPay, the largest Bitcoin and cryptocurrency payment service provider in the world. Bitcoin [BTC], Ethereum [ETH], Shiba Inu [SHIB], Dogecoin [DOGE], Litecoin [LTC], Bitcoin Cash [BCH], Wrapped Bitcoin [WBTC], Binance USD [BUSD], Polygon [MATIC], etc.
Currently, BitPay Bill Pay is available to residents of select U.S. states, including “Alabama, Alaska, Delaware, the District of Columbia, Florida, Georgia, Illinois, Iowa, Kansas, Maine, Massachusetts, Mississippi, Nebraska, New Jersey, New Mexico, Ohio, Oregon, South Dakota, Tennessee, and Washington,” through the BitPay Wallet app. However, BitPay has stated that a larger audience will soon be able to access the Bill payment service.
Binance Pay Boosts Shiba Inu Adoption
A couple of days ago, Binance Pay, the payment infrastructure wing of the top crypto exchange, forged a monumental alliance with YesStyle, a key online retailer of cosmetics and grooming products. The game-changing partnership has enabled over 300 cosmetics brands on the site to now accept payments in the vast range of cryptocurrencies supported by Binance Pay, including the wildly popular meme token.
Shiba Inu, one of the most talked-about cryptocurrencies in the market, has attracted a lot of interest as a result of its acceptance as a reliable payment method across several businesses. SHIB’s earlier partnerships with Binance Pay also yielded widespread adoption across airlines, rental companies, and even Burger King in Paris, where it was used to pay for power banks.
