Shiba Inu holders think PayPal wants to add Shiba Inu to its list of supported cryptocurrencies, but…
No, PayPal is Not Planning to Support Shiba Inu.
Leading payment platform PayPal made a tweet over the weekend that brought smiles to the faces of Shiba Inu community members. In a February 11 tweet, a Shiba Inu influencer named AdRock asked PayPal to provide clarity on whether it currently accepts Shiba Inu as a payment method.
“Hello, PayPal! Do you accept SHIB as payment? AdRock enquired.
Responding to the question, PayPal Support’s official Twitter handle informed AdRock to get his Shiba Inu “friend” to contact the support team to work on the possibility of accepting SHIB payments.
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 response prompted widespread jubilation among Shiba Inu members who understood the significance of PayPal supporting SHIB.
PayPal accepting shib will be a great news , we are waiting for that
— العقيد شيبا ?️ (@Shiba1general) February 12, 2023
PayPal Says It Doesn’t Support SHIB
While members of the Shiba Inu community were still celebrating the development, the leading payment provider disclosed that it misunderstood the initial question. PayPal apologized for the confusion while stating that it does not accept Shiba Inu.
According to PayPal, U.S. customers can only buy, sell, and trade four cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), on its platform.
“I apologize for the confusion caused. Unfortunately, we don’t accept SHIBA…” PayPal added.
I apologize for the confusion caused. Unfortunately, we don't accept SHIBA. Customers in the US can buy, sell and hold four different Crypto on PayPal: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. For any additional assistance, please send us a DM with your email address. ^KSV
— PayPal Support (@AskPayPal) February 12, 2023
PayPal Crypto Services
Recall that PayPal ventured into the world of cryptocurrencies in 2020. The prominent payment provider launched a service in October 2020 that allows U.S. customers to buy, sell, and hold four cryptos, including Bitcoin, directly from their PayPal account.
Months later, PayPal also launched a checkout service for the four crypto assets, allowing its U.S. customers to use crypto to make purchases across millions of merchants globally. It is noteworthy that PayPal has continued to support only four crypto assets since it launched the service.
Although PayPal plans to expand the offering, the payment company never specified what crypto-asset would be added to the list.
Meanwhile, Shiba Inu has been widely adopted as a payment method. Top cryptocurrency payment providers like BitPay, CoinGate, and Binance Pay have fostered Shiba Inu payments.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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