The availability of new payment methods on BitPay, the leading crypto payment processor, has significantly expanded the options for purchasing cryptocurrencies.

We’re thrilled to announce our partnership with @BanxaOfficial!

We’re introducing a range of international bankings payment methods, making it easy for our global customers to purchase crypto. https://t.co/PjzjB8djNs#BitPay #Banxa #crypto pic.twitter.com/JRF1ov4Yy9

— BitPay (@BitPay) October 25, 2023

Read Also: Elon Musk Ignites XRP and SHIB Armies’ Curiosity with His Recent Post on X

In addition to Shiba Inu and XRP, users can leverage these new methods to acquire other supported crypto assets such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Binance USD (BUSD), USD Coin (USDC), Cardano (ADA), and Litecoin (LTC).

New Payment Methods

The BitPay and Banxa partnership has introduced several payment methods on the BitPay platform, enabling users from different countries to purchase XRP, SHIB, and other cryptocurrencies seamlessly and securely.

1. iDEAL: Crypto enthusiasts in the Netherlands can now purchase XRP, SHIB, and other supported cryptocurrencies through iDEAL using the BitPay wallet or website.

2. SEPA (Instant & Standard): European users can utilize the SEPA banking payment method to easily purchase SHIB, XRP, and BTC on the BitPay platform.

3. ACH (Instant & Standard): Users residing in the United States can now acquire XRP and SHIB using the ACH payment method via BitPay.

4. Interac: Exclusively available for the crypto community in Canada, this payment method allows users to buy XRP, SHIB, and other supported crypto assets through the BitPay platform.

5. Faster Payment System (FPS): UK residents now have the option to purchase XRP and SHIB with ease using the FPS payment method on the BitPay platform.

6. PayID: Australians can conveniently buy XRP and SHIB directly from their bank accounts through the newly added PayID payment method on BitPay.

7. POLi: New Zealand residents can now purchase XRP and SHIB directly from their bank accounts using the POLi payment method on BitPay.

8. PIX: The crypto community in Brazil can now access the PIX payment method, allowing them to purchase XRP, SHIB, and other assets on the BitPay platform.

9. Turkey Bank Transfer: Crypto enthusiasts in Turkey can buy all BitPay-supported crypto assets, including XRP and SHIB, within minutes using this convenient payment method.

Furthermore, other payment methods available on BitPay as a result of the Banxa partnership include South Africa Bank Transfer, SPEI, Khipu, PSE, and Thai QR.

Read Also: Ferrari Embraces Payments in Shiba Inu (SHIB) And XRP

Impact and Potential

This partnership between BitPay and Banxa marks a significant milestone in the widespread adoption of SHIB and XRP. The availability of multiple banking payment methods for purchasing these cryptocurrencies will undoubtedly make them more accessible to people worldwide, further driving their popularity.

The expansion of banking payment options on BitPay represents a positive development for SHIB and XRP investors. It indicates a growing demand for these crypto assets and demonstrates that major financial institutions are increasingly embracing cryptocurrencies.

Although this development could potentially lead to increased prices for SHIB and XRP in the long run, it is important to note that the cryptocurrency market remains highly volatile, and there is no certainty regarding future price movements. Investors are advised to conduct thorough research before investing in any cryptocurrency.

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Xsolla is a prominent player in the video gaming industry, and it has partnered with BitPay to integrate XRP as a payment option for its games, including popular titles like SMITE and Roblox games.

Read Also: Top Investor: XRP Could Become as Expensive as Mortgage Payment with $1,768 Monthly Cost

BitPay announced this exciting partnership in a post on X, stating, “Xsolla now accepts XRP with BitPay as payment method for their games, such as Smitegame and Roblox.”

News Alert @Xsolla now accepts XRP(@Ripple) with BitPay as a payment method for their games, such as @Smitegame and @Roblox. You can use your favorite cryptocurrency to buy, play, and enjoy gaming like never before.#BitPay #crypto #Smite #Xsolla #Roblox pic.twitter.com/NAg2EyOVGM

— BitPay (@BitPay) October 17, 2023

The BitPay and Xsolla Partnership

Xsolla was founded in 2005 as a global gaming startup offering tools and services for the gaming sector. They have revolutionized game development, marketing, and monetization across multiple platforms.

The company’s primary focus is to help game developers expand their reach, increase revenue, and form partnerships with leading players in the industry. Their mission revolves around solving the distribution challenges plaguing the global gaming market.

BitPay and Xsolla have been partners since 2014 when they joined forces to process Bitcoin (BTC) payments for gamers worldwide. Their partnership has allowed Xsolla to accept various cryptocurrencies supported by BitPay for payments.

BitPay recently enabled Xsolla to accept PayPal USD (PYUSD), offering users another payment option and making Xsolla one of the first online merchants to support PayPal’s stablecoin. XRP has now joined the list of cryptocurrencies Xsolla supports.

BitPay’s Support for XRP

BitPay first added support for XRP in 2019, thanks to its partnership with Ripple’s investment arm, RippleX (formerly Xpring). However, like many U.S.-based crypto companies, BitPay ceased processing XRP-related payments when the U.S. Securities and Exchange Commission (SEC) sued Ripple over an alleged violation of federal securities law.

However, after Ripple’s victory in July, where XRP was declared as a non-security asset, BitPay relisted XRP on its platform.

Read Also: Ex-Banker Says XRP and XLM Will Disrupt World of Payments. Here’s why

Growing Adoption of XRP Payments

Integrating XRP into Xsolla’s gaming ecosystem is a significant development in XRP’s journey to mass adoption. It opens up new opportunities for gamers to enjoy their favorite titles using digital assets.

This partnership also shows the growing acceptance of cryptocurrencies within the gaming industry, paving the way for more innovative payment solutions in the future.

This partnership comes not long after Ferrari added support for XRP. Canadian-based crypto-payment platform FCF pay now also supports electricity bill payments with XRP. The growing adoption of XRP in the global market could bring favorable price movements for the popular cryptocurrency soon.

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Notably, the sports car manufacturing company has kick-started cryptocurrency payments for its vehicles in the United States, which could soon extend to European nations. 

The latest development was made public by Enrico Galliera, the chief marketing and commercial officer at the sports car manufacturing company.

Read Also: Honda Embraces Payments in XRP and Shiba Inu (SHIB): Details

According to the report, the new development came about following requests from the company’s numerous customers and dealers that seemed to now invest heavily in crypto. 

Enrico remarked, “Some are young investors who have built their fortunes around cryptocurrencies. Some others are more traditional investors who want to diversify their portfolios.”

How Ferarri Plans To Circumvent Crypto Volatility

It is general knowledge that cryptocurrencies are volatile payment options and should not be considered sustainable payment choices. 

However, Ferrari seemed to recognize this peculiar problem and came up with an excellent initiative to tackle the issue. The sports car manufacturing company has revealed that BitPay will handle the initial phase of cryptocurrency payments for Ferrari products in the U.S.

According to Enrisco, BitPay will convert every crypto payment into traditional currencies as soon as the payments are made to avoid risking losses, which might emanate from price declines due to crypto price instabilities. 

For context, BitPay is a leading cryptocurrency processor firm based in the United States. It accepts payments via cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), XRP, etc. It converts these coins to traditional currencies.

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Read Also: Shiba Inu (SHIB) and XRP Holders Need to Take Note of This Binance Announcement

Implication Of BitPay’s Adoption For SHIB And XRP

The sports vehicle manufacturing firm adopting BitPay to handle its payments in the United States implies that holders of XRP and SHIB can now purchase Ferrari products with their crypto holdings. 

The above implies that XRP and SHIB are expanding in terms of utility and adoption, which would undoubtedly make both coins attract more users. At the time of writing, SHIB is changing hands at $0.00000702 while XRP is priced at $0.49. 

Meanwhile, Enrisco disclosed that most Ferarri dealers in the United States have reviewed and accepted the initiative. He added that he is confident that the remaining merchants would buy the idea. 

The chief marketing officer also noted that the sports car manufacturing firm plans to extend the crypto payment scheme to Europe by the first quarter of next year, followed by other regions of the world where crypto payments are accepted.

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According to the latest announcement, BitPay has added another flexible and convenient option to buy SHIB and other favored cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), using a prepaid Visa or Mastercard.

Read Also: Shiba Inu Game Shiba Eternity Launches Officially Across the World, Now Available For Download

How to Buy Shiba Inu (SHIB) with a Prepaid Debit Card

According to BitPay, buying crypto on its list with a prepaid debit card is easy and takes just a few minutes.

The first step for users to take is to get the BitPay app from their preferred app store or scan the QR code provided by the payment platform.

The second step for users to take is to click the “Buy Crypto” button on the app’s home screen to purchase their preferred digital asset with a prepaid debit card.

The third step is to choose the amount and the crypto they wish to buy, while the fourth is for users to choose Debit Card as their payment method.

In the fourth step, it’s necessary for users to check that the remaining card balance is enough to cover the purchase price and any transaction fees.

Read Also: Shiba Inu Rate Burn Surges 1502% with 132.77 Million SHIB Destroyed in 24 Hours

The last step is for users to review and choose their offers. It’s worth noting that BitPay partners with Simplex and Wyre to give users the necessary flexibility in choosing their best rates, with no hidden fees or excessive markups.

BitPay noted:

“Choose the best offer available for you, and you’ll be automatically taken to one of our partner sites to enter your prepaid card details and complete the transaction.”

According to the crypto payment processor, unlike Wyre, Simplex accepts some prepaid or virtual debit cards. So, any error message during payments implies that the user’s prepaid debit card is unacceptable.

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According to the report shared by BitPay on its official Twitter handle, customers can now shop and pay for electronic devices at Best Buy using gift cards.

Read Also: Shiba Inu Lead Developer’s Response to a User Who Wants SHIB Price to Go Up

The payment processor added that the new development will make payments in various digital currencies, including Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), Litecoin (LTC), and others, seamless.

BitPay announced, “Now available! Spend your crypto at Best Buy with a gift card instantly. Best Buy gift cards now available – spend BTC, ETH, LTC and more easily.”

Now available! Spend your crypto at @BestBuy with a gift card instantly. Best Buy gift cards now available – spend BTC, ETH, LTC and more easily. #crypto pic.twitter.com/lUPy6mwFAZ

— BitPay (@BitPay) August 19, 2022

About Best Buy

Best Buy is a consumer electronics retailer with operators in the United States, Mexico, and Canada. The company sells a wide range of items, including mobile phones, digital cameras, video games, and music, as well as home appliances, such as washing machines and refrigerators.

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As shared by Fortune, Best Buy has both physical and online stores. It also provides repair services for computers and other devices at stores via its Geek Squad brand.

The company also has a huge social media presence with over 1.2 million followers on Twitter alone. This implies that the incorporation of digital assets, such as Shiba Inu (SHIB), will boost the global awareness of cryptocurrency as more people are now open to knowing more about the new asset class via Best Buy gift cards.

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Bitpay, the pioneer crypto payments services provider, continues to make it easy and seamless for several businesses to support the crypto payments method. In turn, widening the applications and adoption of cryptocurrencies. 

In a Monday tweet, BitPay reminded crypto Twitter that Hublot, the creator of top-notch watches with a combination of tradition and innovation supports luxury watch purchases with cryptocurrencies. 

Part of the announcement post said; “Legendary watchmaker Hublot, known for unique and daring timepieces, announced it will accept cryptocurrency through its online eBoutique. Many of its iconic timepieces, including the newly released Big Bang Unico Essential Grey, are available online for purchase and can be bought via cryptocurrency.”

Legendary watchmaker @Hublot known for unique and daring timepieces now accepts #crypto! Learn more: https://t.co/SEIQzAH7iI pic.twitter.com/VsGjK1JvzF

— BitPay (@BitPay) August 1, 2022

Notably, the leader in blockchain payments, Bitpay supports about 34 cryptos including Ethereum (ETH), Ripple (XRP), and Cardano (ADA) among others.

Related: Shiba Inu (SHIB) Now a Payment Option For Swiss Luxury Watchmaker, TAG Heuer

Buy Tag Heuer Watches with Crypto via BitPay

As aforementioned, BitPay continues to serve as a reliable and trusted gateway to exchange digital currencies for goods like luxury watches.

In July, the Swiss luxury watchmaker, Tag Heuer began to accept crypto as a payment method. However, the brand only supports crypto payments in the United States, accepting payments in numerous cryptocurrencies up to $10K. 

Read Also: Shiba Inu and Dogecoin Now Accepted By New York-Based Jewelry Collection via BitPay

Accordingly, the world leader in crypto payments, Bitpay, is the portal to utilize in the buying of Tag Heuer timepieces with Shiba Inu, Bitcoin, and other supported cryptos. Above all, the buying process is simple and seamless. 

Users can either pay directly from their crypto wallets on the TAG Heuer online boutique or use the BitPay Card to buy watches online or at any authorized dealer that accepts Mastercard, according to the announcement.

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Yachtzoo Supports Cryptocurrency Payments

Gradually, cryptocurrency is invading all sectors of the economy. In the world of yachts, there is a growing presence of cryptocurrency, as many leading brokerage houses have embraced crypto payments for yacht dealings.

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Per a recent update, Yachtzoo announced its collaboration with the world’s largest cryptocurrency payments company, BitPay. Founded in 2011, BitPay reportedly pioneered cryptocurrency payments to help renovate the operations of businesses.

Through this partnership, the leading luxury yacht services provider will support the use of digital currencies for transactions. 

Therefore, customers who wish to buy, sell, and/or charter yachts can do so using Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), and several top coins and tokens. 

Read Also: Dripto Adds Shiba Inu (SHIB) as a Payment Method

By doing so, Yachtzoo will enjoy increased cross-border and limitless patronage as crypto payments are usually fast and require low service fees. BitPay charges 1% to approve transactions and settlements of yacht deals in the company.   

In response to the partnership, Darrell Hall, the founding partner of Yachtzoo said, “As a leading yacht brokerage, we are always looking at innovative solutions to enhance our customers’ experience. Our job as a luxury yacht brokerage is to make chartering, selling, or acquiring a yacht as flawless as possible. Our partnership with BitPay is another way we make it as easy as possible for our customers.” 

Speaking of the benefits of the partnership to its clients, Yachtzoo added, “When our clients buy and charter a yacht with cryptocurrency through BitPay, they can rest assured that their transactions are not just fast but are also safe. As BitPay is built around bitcoin, transactions are secure from identity theft and chargeback fraud.”

To note, Yachtzoo and BitPay collaboration come shortly after a sister company, SuperYachtsMonaco raised the crypto flag. Meanwhile, the US-based yacht company, Denison Yachting, pioneered the acceptance of cryptocurrencies as a payment method in 2014. 

Read Also: Bittrex Exchange Launches Shiba Inu (SHIB) Trading Against US Dollar (USD)

Shiba Inu (SHIB) Adoption Grows

The second-largest dog-themed meme token, Shiba Inu with the ticker SHIB, is among the digital assets supported by Yachtzoo in its latest partnership with BitPay, according to people familiar with the matter. 

This adds to the long lineup of firms and businesses that have adopted the Shiba Inu token (SHIB) as a payment method. As Shiba Inu’s adoption and exchange listings grow, the number of on-chain holders of the token has surged accordingly.

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The payment is made possible for SHIB holders via the companies’ partnership with the leading crypto payment processor BitPay.

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Hungry? Pay for DoorDash and Uber Eats food delivery with #crypto: https://t.co/N9PxyIeHf1 #cryptocurrecy pic.twitter.com/elxa2osLfZ

— BitPay (@BitPay) July 1, 2022

According to the blog post captioned in the announcement, the services provided by Uber Eats and DoorDash will enable SHIB holders to order meals online from the restaurants of their choice and have them delivered to their doorsteps.

It’s explained in the announcement that BitPay gives crypto holders three options to purchase food with Shiba Inu (SHIB) and many other digital currencies listed on BitPay, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), among others.

Read Also: Shiba Inu (SHIB) Incorporated As Payment Method on Coinbase Commerce Platform

Going by the blog post, crypto users can choose to purchase food delivery services’ gift cards via the BitPay app. SHIB holders can also pay for the food delivery service made by Uber Eats and DoorDash via the use of BitPay crypto card, which enables people to spend their digital currency like cash.

Additionally, it’s stated that holders of cryptocurrencies listed by BitPay can also pay the food delivery companies via Takeaway.com or Menufy and can pay directly from their crypto accounts.

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Centri Adopts Cryptocurrency Payments

Per a press release, Centri has opened its door for cryptocurrency payments via BitPay. Therefore, Centri’s clients and vendors will now have the option of paying invoices with cryptocurrency.

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Mike Andrusko, Centri Digital Assets Practice Leader noted;

“By accepting cryptocurrency as a payment option for our clients via BitPay, Centri is reaffirming its commitment and belief in the cryptocurrency markets. We want to easily and securely accept these payments and allow businesses to spend their crypto.”

In other words, Centri customers will get to enjoy a straightforward and one-step transactional model by using their preferred native wallets to make direct cryptocurrency payments.

Equally, this payment solution will enable Centri to promote crypto to its customer base, especially those not conversant with financial technology.

The leading business consulting firm has chosen to leverage BitPay’s capabilities in achieving success in its new path. BitPay is a pioneer blockchain payment processing company and the world’s largest provider of Bitcoin and cryptocurrency payments.

Through BitPay, Centri will be able to accept crypto payments directly from clients and vendors and also receive fiat payments the next business day, the news revealed.

“At BitPay, we see crypto as the future of payments, and businesses like Centri are being rewarded with new business opportunities from those who want to pay in crypto,” Merrick Theobald, VP of Marketing at BitPay said. 

“Centri is supporting those clients who prefer to pay in crypto with a payment solution that eliminates transaction fraud, reduces the cost of payment processing, and removes cross-border transaction headaches,” he added.

Meanwhile, customers can only make crypto payments from approved wallets by Centri. Interestingly, the firm supports a wide range of wallets, including Coinbase Wallet, Gemini Wallet, Metamask, Binance, Exodus, etc.

To note, the supported cryptocurrency assets are Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), Wrapped Bitcoin (WBTC), Litecoin (LTC), Ripple (XRP), Shiba Inu (SHIB), and five USD-pegged stablecoins (GUSD, USDC, PAX, DAI, and BUSD).

Related: Shiba Inu (SHIB) Supported as Cardenas Markets Welcomes Crypto ATMs

Shiba Inu (SHIB) Adoption Grows

The adoption of the popular memecoin, Shiba Inu (SHIB) by businesses as a payment option has continued to grow. Speculatively, these developments could impact the token’s price positively. 

Last month, Cardenas Markets supported SHIB as a payment method as it welcomed crypto ATMs to its grocery stores. Similarly, Shiba Inu (SHIB) has been incorporated as a payment method on the Coinbase commerce platform.

Overall, Centri has been actively involved in the digital assets industry over the years. According to the team, the partnership with BitPay to support crypto payments is a natural evolution of business.

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The football club announced the new development via its official Twitter handle a few days ago. According to the report, the payment will be facilitated by the crypto trading platform Bitso, Sao Paulo’s official sponsor.

Read Also: Beta Finance Lists Shiba Inu: Users Can Now Lend, Borrow, and Short SHIB On-Chain

This implies that members of Sao Paulo’s Socio Torcedor program can now buy tickets for their team’s matches using cryptocurrencies, including Shiba Inu (SHIB). It should be noted that Bitso added support for Shiba Inu on its platform in early January 2022.

The announcement reads, “There’s news in the area for you, fan partner! In partnership with @BitsoBr, the official sponsor of @SaoPauloFC, #TorcidaQueConduz can now buy tickets for games at Morumbi by paying in cryptocurrencies, isn’t that awesome?”

You can use @Shibtoken to purchase soccer tickets at @SaoPauloFC through @Bitso ! #SHIBARMY https://t.co/VGhzgpqvt4

— The Bus (@TheBus37643251) June 3, 2022

Read Also: Ryoshi Deletes All Tweets and Medium Posts. Has Shiba Inu Founder Gone For Good?

The image captioned in the tweet also shows that the BitPay service has also been deployed by the football club.

A SHIB user confirmed the acceptance of SHIB via BitPay by Sao Paulo FC. The crypto payments processor, BitPay, officially began supporting Shiba Inu in late 2021, which allowed spending SHIB at hundreds of BitPay merchants where Shiba Inu is accepted.

With this move, Sao Paulo, one of the biggest and most decorated clubs in Brazil, has become the first team in the country to accept cryptocurrencies.

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