- Georgia citizens can now make SHIB and crypto payments at the Radisson Hotel through Binance Pay.
- Binance Pay has partnered with CityPay, for offering different processing solutions to businesses of all sizes.
The world’s second-largest memecoin Shiba Inu has gained enough popularity in the crypto ecosystem and is also among the top-fifteen digital assets by market cap. A global and leading hotel group Radisson has now started accepting SHIB payments.
The Raddison Hotel in Georgia stated that they would be accepting payments in cryptocurrencies such as Shiba Inu, Bitcoin, and Ethereum against hotel reservations via the Binance Pay platform.
Crypto exchange Binance brought forth this announcement through its official Twitter handle. The exchange said that citizens of Georgia now get the option to make crypto payments at the hotel through Binance Pay. To make this possible, Binance has further partnered with crypto payments solution provider City Pay. The official announcement from Binance reads:
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.
Binance had recently partnered with a fast-growing Georgia-based payment provider CityPay, for offering different processing solutions to businesses of all sizes. In addition to Radisson Hotel, the partnership between Binance Pay and CityPay will allow users to pay in Shiba Inu and other supported assets across 600 merchant stores.
On the other hand, Binance Pay is a solution from Binance allowing users to instantly send and receive payments in crypto against the purchase of goods and services.
The developments around Shiba Inu
The Shiba Inu ecosystem has seen some major developments taking place, the most recent one being the launch of the Shibarium testnet aka the PuppyNet. PuppyNet is the beta version of the Shibarium Layer 2 protocol.
The launch of PuppyNet last saw a sharp in the total number of transactions on the platform. Also, the launch of Shibarium protocol on Ethereum will contribute to reducing transaction costs while enhancing platform scalability simultaneously.
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While other developments continue in the Shiba Inu ecosystem, the native cryptocurrency SHIB has also delivered a decent performance so far in 2023. Although SHIB delivered lesser returns compared to other altcoins in Q1 2023, it still managed to beat the benchmark Nasdaq 100 index. Shiba Inu (SHIB) ended the first quarter of the year with 29% gains while the Nasdaq 100 gained somewhere around 17%.
While developers are working on the mainnet launch of the Shibarium platform, some projects are already working for their launch on Shibarium. One such project is the Koyo platform which is expecting “billions of dollars in volume, expect millions of dollars in rewards and in turn expect $SHIB burns to be in the millions with continuous burns.”
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