Shiba Inu which is also known as the ‘Dogecoin killer’ might be looking forward to a partnership with Amazon.
Shiba Inu Coin, a new Dogecoin-inspired cryptocurrency that was founded last August, is now planning to partner with Amazon, the world’s largest e-commerce website, which is owned by Jeff Bezos and dubbed the “dropshipping capital of the world.”
Shiba Inu and its investors will benefit greatly from this. Shiba Inu’s visibility is increased as a result of the announcement, and prospective purchasers have more purchasing options.
The bitcoin market is vast, and investors have spotted this ever-expanding possibility as a way to turn Shiba Inus into billionaires overnight.
Many apps and virtual currencies have emerged in recent years as a result of the surge in the number of investors. The ShibaSwap platform, for example, is a rapidly growing cryptocurrency exchange service that has recently attracted a lot of interest from traders and investors.
The true question is why ShibaSwap is still able to create a Shiba Bull Market. What is Amazon’s relationship with Shiba Inu? And when is Shiba going to hit $0.10?
Shibaswap and Shiba Inu token
With the new ShibaSwap platform, the price of Shiba Inus will rise. ShibaSwap, Shiba Inu’s new decentralized cryptocurrency exchange, will start soon.
It’s a cryptocurrency exchange similar to UniSwap or PancakeSwap. The network has been operational for weeks, according to social media, but it is currently being reviewed to assure complete security and transparency.
Buyers will be able to trade Shib for other tokens on the new Decentralised Exchange, enhancing the newcomer’s visibility among crypto investors.
Many devoted Shib fans are anticipating the official release with bated breath. Nonetheless, it is preferable to continue testing rather than have the release drowned out by bigger news during a period of disruption in the crypto market.
To turn a digital asset into a mainstream player, you need to pay attention to it. The price drop of the Shiba Inu hasn’t resulted in a drop in social media traffic.
The Santiment Social Volume statistic displays Shib mentions across over 1000 crypto social media channels, including Telegram groups, crypto subreddits, discord groups, and private trader chats. The measure shows that during the May downturn, Shib social volume dropped dramatically.
Jeff Bezos and Shiba Inu
Jeff Bezos, the world’s richest man and the founder of Amazon, has been believed to have invested in cryptocurrency on numerous occasions but has remained tight-lipped on the subject.
A petition with over 23,000 signatures has been circulated asking Amazon to accept Shiba Inu as a payment method, but the corporation has yet to answer.
While he may decide to break his silence tomorrow, it is rumoured that Amazon is developing a new virtual currency that consumers will be able to use on its platforms.
This arose after job advertisements for the company’s “Digital and Emerging Payments” division were discovered. According to the advertisements, the company is working on a mechanism that would allow clients to change their cash into digital currency.
“We’re forming a tech team to develop novel payment products for customers in emerging areas”, according to the post. The ads were then taken down, as reported by Tech Radar at the time, and the intentions have been shrouded in secret ever since.
It would not be the company’s second digital token effort; Amazon Coins, designed to provide users discounts on Kindle and Fire tablet purchases, has already begun development.
It’s unclear whether the two initiatives are connected. In June, Mr. Bezos stepped down as the CEO of Amazon.
After Elon Musk recently adopted dogecoin as the world’s greatest crypto, it wouldn’t be out of the question for Jeff Bezos to adopt the dogecoin killer, Shiba Inu, as the world’s best crypto and accept it on Amazon.
In reality, the current petition explains why Shiba Inu should collaborate with Amazon in greater detail.
According to the petition, Amazon does not currently accept cryptocurrency as a payment method, which has alienated many people who do not have a typical bank account.