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Gemini-Backed Flexa Adds Shiba Inu (SHIB) as a Payment Method

George Georgiev Dec 12, 2021 12:44
Users of Flexa's SPEDN application will now be able to pay with their SHIB tokens across a broad network of merchants including GameStop and Lowe's.

Flexa Network has announced Friday that it will support Shiba Inu’s native cryptocurrency – the SHIB token. As such, users will be able to pay with SHIB at what the company claims to be a network of over 40,000 merchants.

  • Flexa is a payments network that partnered with Gemini – one of the leading US-based cryptocurrency exchanges back in 2019.
  • Now, the company announced that it would support SHIB – the native cryptocurrency of the Shiba Inu ecosystem.

Let’s get a head start on the weekend… SHIB is here! Now you can use Shibatoken for fast and fraud-proof payments anywhere Flexa is accepted – including more than 40,000 stores across the US. – Reads the tweet.

  • This means that SHIB owners will be able to pay at merchants such as GameStop, Lowe’s, and Petco using their tokens.
  • The announcement also came a few days after Kraken added support for the cryptocurrency.
  • At the time of this writing, SHIB is trading at $0.00003449, up 0.6% on the day but down over 60% from its all-time high from two months ago.
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George Georgiev

Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn