The most prominent meme coin Shiba Inu (SHIB) has gained a lot of popularity since it surfaced on the cryptocurrency market. Amongst several achievements of the various cryptocurrencies this year, crypto for subscription is another great news for crypto enthusiasts and entertainment freaks. On the 27th of December 2022, a non-custodial cryptocurrency payment gateway, Nowpayments announced plans to permit its clients to pay for Spotify and Netflix subscriptions in SHIB.
That said, Shiba Inu (SHIB) is a multi-chain cryptocurrency having a large user base. The meme coin also promotes fast transactions. Experts mentioned that the subscription services accepting SHIB tokens as a payment mode might enjoy benefits from this.
Got a lot of subscriptions? Monthly @netflix and @spotify?— NOWPayments (@NOWPayments_io) December 27, 2022
⚡️ How cool would that be if you could pay for those with $SHIB by @Shibtoken?#SHIBARMY, here’s how to accept #crypto payments with #SHIB
What Does The Crypto For Subscription Mean To The SHIB Community?
According to the crypto news today, businesses and individuals can now make use of the recurring custodial payments of Nowpayments. This will permit them to set up additional billing accounts for the customers or the users. They will also be able to go ahead and top up their accounts with their preferred crypto for subscription. For the latest crypto updates, make sure to visit https://cryptoventurenews.com/category/cryptocurrency-news/.
Shiba Inu boasts a really large community of more than one million members. The SHIB community is always ready to rejoice when new use cases of SHIB emerge. Besides this, they also support these new additions to the SHIB ecosystem. This is probably one of the most important reasons that businesses place their interest in this specific meme coin.
Ethereum (ETH) or BNB blockchain networks mark the deficiency of centralized authority that is able to impose chargebacks or various other forms of third-party interference. Consequently, all the SHIB transactions take place peer-to-peer. Once the transaction is initiated, it is impossible to be reversed. That said, the businesses that accept payments in Shiba Inu (SHIB) can protect themselves against chargeback fraud and can also save money.
In addition to this, the companies can also select the frequency at which they would like to send repeated emails to customers requesting payments for goods or services. A batch of invoices can also have these features or can be very specific to the individual invoice. Various reports have mentioned that the bills can be canceled at any time.
How To Set The Recurring Invoices?
Well, to do that, you will have to follow the below-mentioned steps.
- Create an account on Nowpayments
- Furnish the site with your SHIB payout address
- Now, use the recurring Invoicing API. For more details, visit the documentation.
This is all for the crypto news today. We hope this was helpful. Get in touch with me via Facebook, Instagram, or the Official Website. For more latest crypto updates, make sure to visit the Cryptocurrency News category.