Shiba Inu Launches SHIB Pay Amid Criticism of SWIFT System
- Shiba Inu has introduced SHIB Pay, a permissionless, on-chain payment system.
- This system eliminates the need for traditional payment processors and central authority approval.
- SHIB Pay allows merchants to hold keys for their own crypto wallets, reducing third-party risks.
- The launch comes amid discussions about cryptocurrencies potentially replacing the SWIFT payments system.
- Eric Trump recently emphasized the potential of crypto to replace traditional finance systems.
Shiba Inu’s introduction of SHIB Pay aims to disrupt the current payments landscape by offering a decentralized alternative amid growing criticism of traditional systems like SWIFT. Despite this development, SHIB’s price saw a decline of 7%, trading at $0.00001327.
Source (2.6)https://coingape.com/shiba-inu-unveils-shib-pay-as-permissionless-on-chain-alternative-amid-swift-woes/?rand=24432
