Altcoin News- SHIB, BTC, and ETH for commercial purchases in Georgia.
- Binance Pay integration with CityPay made this possible.
In Georgia, Shiba Inu, Bitcoin, Ethereum, and 70 more cryptocurrencies can be applied to commercial purchases. Binance Pay’s integration with CityPay, a Georgia-based payment system, has expanded crypto payment options for more than 600 merchants across the geography.
Nothing like a week at the Radisson Hotel in Georgia, paid for fully with #Binance Pay!
Thanks to our partnership with @citypayio, users in Georgia can now spend crypto at over 600 merchants to purchase everyday goods and enjoy life’s luxuries. pic.twitter.com/YD0eq7SQBM
— Binance (@binance) April 5, 2023
Though the crypto exchange, Binance has been facing regulatory restrictions in the U.S., the expansion in Europe is not stopping. The recent regional hub set up in Georgia is in the plan of expansion in staff numbers. Binance end motto behind this hub is global blockchain education, support to digital finance, and providing power to Georgia’s crypto industries.
SHIB in Binance Pay
In November 2022, one of the senior member of the memecoin community partnered with Binance Pay. Since then, the payment gateway partnership has other traditional agents like hotels, fast food chains, and retail shops have benefitted the token users too.
On the month of February, Binance Pay went live in France with Ingenico, a global payment service provider collaboration. The exchange users’ usability of cryptocurrencies got to the next level with this.
Apart from these, Binance cards such as credit cards and country-specific cards also listed the Shiba Inu token last year. With the Shibarium beta testnet launch, the token’s price is in high speculation. The current price of SHIB is $0.00001104, with a $6 billion market capitalization.
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Source: https://thenewscrypto.com/shiba-inu-is-an-accepted-payment-mode-in-georgia/