Getting Paid in SHIB: Why Some Employees Prefer Shiba Inu (SHIB) over Fiat

07/27/2022

2 minutes read

2022.07.27 09:33

NowPayments has stepped up in response to increasing demand from companies looking to accept payments in Shiba Inu (SHIB).
The payment gateway is positioning to provide automatical payments for workers in SHIB, eliminating the middle man.
Shibburn announced the SB Visa (NYSE:V) Card, with the SHIB burn rate up 62.69% over the last 24 hours.

NOWPayments, the crypto payment gateway powered by ChangeNOW, wants to see Shiba Inu (SHIB) prosper. The non-custodial wallet enables businesses to accept donations and collect payments in the form of the popular meme coin.

In an axciting turn of events, a new feature was recently introduced in recognition of the increasing demand for SHIB in business. On July 25th, the team behind the payment processor presented a step-by-step guide for how to implement Shiba Inu (SHIB) into an enterprize’s ecosystem.

Friendly reminder: You can accept your salary in a legendary #cryptocurrency $SHIB and benefit from @Shibtoken #MassPayments Easy to deploy Quick transactions PrivacyHey, #SHIBARMY, let’s learn more in our article @shibainuart https://t.co/uiIjbr7XAr

— NOWPayments (@NOWPayments_io) July 25, 2022

The blog post explains that many NowPayments employees chose to switch to Shiba Inu (SHIB) to receive their salary in a non-custodial wallet, rather than the regular fiat-to-bank option.

The Only Owner of Your Money Is You

Everybody knows about the nerve-racking business of hidden bank fees and the willingness of banks to share your personal information with third party institutions if the situation is convenient. However, thanks to blockchain technology, non-custodial crypto wallets enable employees to become the sole owner of their wages.

This means users are no longer prone to losing control of their holdings due to shifting circumstances out of their control, as the security and reliability of a crypto wallet lies entirely with the owner. Secondly, Shiba Inu (SHIB) is suitable as a long-term investment solution, meaning that finances are made more resistant to inflation.

Thirdly, transactions made in Shiba Inu (SHIB) are simply quicker in most cases. For instance, SEPA transactions can take up to two days, while Shiba Inu (SHIB) is sent immediately, and the block validation process usually takes a couple of minutes.

Increasing global adoption of #SHIB will affect both its price and popularity. NOWPayments noted that businesses that adopt this system will enjoy significant benefits such as a simple payment process, fast transactions, privacy, transparency and high-level security. #SHIBARMY

— SHIBA Turkey crypto world news (@Hasanhs76352195) July 26, 2022

Easier Payment Process for Businesses

To take advantage of the opportunity, enterprise owners must first create an account on NowPayments. Then, generate an API on the website. The feature in question is called ‘Mass Payments’. The feature uses an Excel file to automatically send crypto to employees. Needless to say, it removes a lot of the hassle from management, and any potential delays from intermediaries are mitgated.

Ultimately, the business payment gateway for Shiba Inu (SHIB) is the perfect mix of transparency, privacy, and simplicity. When used together with the brand new SB Visa Card, members of the SHIB Army become eligible to receive their salary in the beloved Shiba Inu (SHIB), and burn some of the dog-themed tokens while spending it. With the SHIB burning procedure also offering its own rewards, it seems like an all-around win-win deal for the SHIB Army.