PayPal Responds To Request Accept Shiba Inu Coin

Key Points:

• When asked on Twitter if it would take Shiba Inu (SHIB) as payment on its platform, financial behemoth PayPal responded.
• AdRock 0x was advised by the company’s help account to have their friend contact PayPal directly via direct messaging to inquire about taking the cryptocurrency as payment in the response from the company.
• PayPal said in June of last year that users in the US could now move cryptocurrencies, such as Bitcoin, to outside wallets. Before then, it was impossible for its American users to remove their cryptocurrency holdings off its site.

When asked on Twitter if it would take Shiba Inu (SHIB) as payment on its platform, financial behemoth PayPal responded.

Hello there, thank you for contacting PayPal. I'm aware that you want to know you accept $SHIB as payment. I recommend you to tell your friend to contact us directly via DM so that it would be taken care of. Thanks! ^LKP

— PayPal Support (@AskPayPal) February 11, 2023

The SHIB Army, a group of ardent supporters of the meme-inspired cryptocurrency, made the request. AdRock 0x, a Twitter user, inquired about PayPal’s acceptance of SHIB in a conversation on February 11. Requesting a friend, the user continued.

AdRock 0x was advised by the company’s help account to have their friend contact PayPal directly via direct messaging to inquire about taking the cryptocurrency as payment in the response from the company.

PayPal began participating in the cryptocurrency market in October 2020

At the time, it made the announcement that users would be able to purchase, store, and trade cryptocurrencies on its platform, which accelerated the bull market. Four cryptocurrencies were initially supported by the business (Bitcoin, Ethereum, Bitcoin Cash, and Litecoin).

PP said in June of last year that users in the US could now move cryptocurrencies, such as Bitcoin, to outside wallets. Before then, it was impossible for its American users to remove their cryptocurrency holdings off its site. Since the firm first made it possible to purchase and sell cryptocurrencies, PayPal claims to have received a sizable amount of requests from its users, prompting the addition of the new service.

In December, the financial behemoth made it possible for Luxembourg residents who met the necessary requirements to purchase, sell, and keep Bitcoin, Ethereum, Litecoin, and Bitcoin Cash in their PP accounts through the website or mobile app. Whether PayPal will include SHIB in its list of supported cryptocurrencies is still up in the air.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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