#BitPay , a leading cryptocurrency payment gateway, has partnered with London-based fintech Ramp Network to offer users the option to purchase over 20 supported cryptocurrencies, including the meme-inspired token Shiba Inu ($SHIB). Through the collaboration, users can buy #SHIB and other cryptocurrencies using the Ramp Network checkout via the BitPay web or mobile application, with the added benefit of instant delivery for purchases made using fiat currencies.
BitPay's integration of the Ramp Network into its platform is part of the company's ongoing efforts to offer customers a diverse range of payment options. In the past, BitPay has formed partnerships with various payment providers, such as Simplex, Wyre, and MoonPay, to cater to its clientele's unique needs.
To buy $SHIB and other cryptocurrencies through BitPay, users can enter the platform's app or website and select the "buy crypto" option, which will give them access to a range of cryptocurrencies.
BitPay has also made headlines recently with its partnership with the world-renowned watchmaker Hublot, which now accepts SHIB as payment for its luxury timepieces. In 2021, BitPay added Apple Pay support for its cryptocurrency debit card.
Last year, Italian luxury fashion house Gucci started accepting cryptocurrency payments in several tokens, including Bitcoin ($BTC), Ethereum ($ETH), and $SHIB, through a BitPay partnership. That program later expanded to include tokens such as ApeCoin ($APE).
BitPay's debit cards started supporting Shiba Inu back in December 2021. BitPay is the world's oldest and most popular cryptocurrency payment processor for merchants and was established back in 2011.
As reported by CryptoGlobe, the burn rate of SHIB has recently skyrocketed over 30,00% in a 24-hour period after token project Koyo moved forward with a 1.49 billion SHIB burn as part of its plan to support the meme-inspired cryptocurrency.
