It is impossible to imagine the modern crypto market without Shiba Inu Coin. From day one, it has been proving to all the haters that meme token has the power to completely change the landscape of the industry. Today, just like two years ago, SHIB is once again experiencing a surge in popularity, thanks to the launch of new projects such as Shibarium. Nevertheless, SHIB remains a major asset for the community currency, and plenty of investors and businesses are looking to capitalize on it. This is especially true with respect to NFT marketplaces, as they greatly benefit from accepting SHIB payments. NowPayments can easily assist NFT marketplaces in the implementation of SHIB as a payment method by providing their custodial recurring payment instrument.
key points:
Shiba Inu is one of the biggest DeFi projects in the market. SHIB can provide a number of benefits to the NFT marketplace, including global and anonymous payments. NFT marketplaces can use NowPayments to deploy SHIB payments. What is Shiba Inu? about shiba inu
Shiba Inu ranks among the cryptocurrencies with the highest market capitalization in history. It would not be an exaggeration to say that the Shiba Inu is a truly revolutionary cryptanalyst. First, it showed the world how meme tokens can easily outperform any major digital asset by simply being beautiful and terrifying. It then demonstrated that Mem Token can generate real utility with its DEX and the introduction of additional tokens including LEASH and BONE. And now it’s about to launch its own layer-2 solution called Shiberium, which will turn the project into a full-fledged DeFi juggernaut.
Benefits of Shiba Inu
The SHIB token has several properties that make it suitable for use as a means of payment. For example, thanks to blockchain technology, SHIB tokens can be transferred around the world in minutes without limits or delays. This feature of SHIB can be a real game changer for a lot of businesses that want to go global but refuse to let go of all the stress of managing multiple international bank accounts.
Shiba Inu is also private, so you won’t even be asked to reveal your personal information or share your email in order to use it. This is exciting news for merchants looking to provide more privacy-oriented payment solutions to their customers. By giving your customers the opportunity to pay in SHIB, you simultaneously give them the opportunity to remain anonymous.
Yet, perhaps, the most outstanding aspect of SHIB is the community of over one million people that the coin has managed to accumulate over the years. In fact, it is one of the most passionate communities ever in crypto. Businesses wishing to engage SHIBArmy can do so by displaying SHIB as a payment method.
SHIB and NFT Marketplace Shiboshis
Shiboshi is the first NFT collection of Shiba Inu. It contains 10,000 unique avatar pixel art NFTs. The collection sold out almost immediately, as it was already gone in 34 minutes. Lease holders had the privilege of being the first to buy shiboshis during the mining phase. Today, NFTs from the collection can be purchased on the secondary market on OpenSea.
shib the metaverse
Shib The Metaverse is another project from Shiba Inu where NFTs are set to play an important role. It is a virtual space where all members of SHIBArmy will be able to come together to create, learn and play. The Shiba Inu’s Metaverse will include plots of land that users can already claim today. Metaverse will also make extensive use of SHIB, allowing users to interact with the various mechanics of the project through their tokens.
SHIB payment solution for NFT markets
Any NFT marketplace can benefit from Shiba Inu’s ecosystem by integrating SHIB payments through NowPayments. Custodial Recurring Payments is an instrument specifically designed for NFT marketplaces and similar platforms. This allows any marketplace to create billing accounts for its customers, which they can fund with SHIB. Here’s how the flow happens:
You create accounts for NFT sellers. They accept payments in these accounts. You collect your fees by transferring funds from sellers’ accounts to your account. You make automatic payments to sellers’ wallets by request.
Basically, once your users receive payment, you get the ability to charge them a service fee and then transfer the balance to their wallet.
Why Pay Now? 0,5% service fee
NowPayments makes it easier than ever to receive payments in SHIB with an incredibly low service fee of just 0.5% per transaction. As a result, you will be able to receive your payments almost in full without incurring huge losses.
Instant Global Payments
With SHIB being a borderless currency, NowPayments makes it possible to accept SHIB as a form of payment from anyone in the world. This means that businesses can now benefit from a wide range of customers, regardless of geographic location.
no kyc
NowPayments does not have KYC requirements, which means you are free to use our services anonymously. If you do not prefer sharing your personal data with third parties while accepting SHIB token payments, NowPayments is the right choice for you.
free automatic payments
NowPayments is a non-custodial payment gateway. Thus, we deliver instant payments to our customers’ addresses after processing their payments. We do not store our clients’ funds unless they ask us to do so.
How to start adopting Shiba Inu?
To start using the Custodial Recurring Payments API, you will first need to enable the Custody feature in your NowPayments account. Here’s how you can do it:
First, create a Nowpayments account.
Provide your SHIB payment address.
Next, follow these steps:
Go to the “Detention” section.
Read the Custody Solution User Agreement, agree to the terms, and press “Continue”.
Provide your IP address that you plan to use to send the payment, check the box to agree to the Custody Solution terms, and press “Continue.”
You may be shown a page saying that the Balance feature is temporarily unavailable to you, but it will be removed in a few minutes.
Once the system is ready to process your transaction, it will show you the following page:
Now, you can follow the guide on how to implement custodial recurring payments and deploy the tool. contact us at [email protected] If you have any questions. conclusion
NFT marketplaces can expand their customer base and increase their revenue by integrating SHIB payments. They can do this with the help of NowPayments’ Custodial Recurring Payments tool.
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