SHIB And Dogecoin Make Inroads As US-Based Logistic Company Adopts Coins

A US-based logistics company, NOYACK Logistics Income (NLI) is the first firm in its line of business to commence the support of SHIB, DOGE, and several other coins that are supported by Bitpay.

This was revealed by BitPay in a tweet where the crypto payment company highlighted that NOYAK became the first logistics company in the US to align with crypto support through a partnership with Bitpay. The company is an operator of an income-yielding venture in the real estate sphere.

The report stated that the collaboration entails access to coins that are supported by Bitpay such as Bitcoin, Ethereum, Shiba Inu, Dogecoin, and several pegged stable coins.

The Bitpay CEO stated that the collaboration with the REITI is an offshoot of increasing demand by investors for such crypto support. He added that the allocation of cryptocurrencies in the real estate sector has become necessary as a result of investors’ demand.

BitPay is a cryptocurrency company that was founded in 2011. The company’s objective is to change the way businesses and individuals transfer, receive, and store money as a pioneer in blockchain payment processing. Its solutions help minimize payment processing costs, prevent charge-backs, and allow for borderless bitcoin payments. It provides customers with a comprehensive digital asset management solution that enables conversion of their digital assets to fiat and vice versa.

According to CJ Follini, CEO of NOYACK Capital,

“This partnership is a crucial way to connect with today’s investors to include investment real estate and cryptocurrency in their retirement accounts,”

Shib Buring is Still Ongoing

Data available at Shib burn shows that the network burned half a billion SHIB tokens in the course of one day. This is a massive increase of 1,892% in the burn rate of the token. It’s obvious that the demand for SHIB is on the increase as seen from the interest that SHIB has generated among retail investors and institutional investors. A recent WhaleAlert report shows that a whale bought 271,370,420,624. At the current market price, this is worth $6,143,035. Even though the coin has lost some value since its ATH of $0.00005168, recent indicators show that it is consolidating in readiness for an upswing. Shiba Inu is presently the 15th most capitalized coin as seen on CMC. It is presently priced at $0.00002228.