Payment service provider BitPay has announced that the Australian energy company now accepts cryptocurrencies, including Shiba Inu, through BitPay.

   "1st Energy becomes Australia's first energy retailer to accept crypto through a partnership with BitPay. Making it easier than ever for their customers to pay their utility bill."

Leading payment service provider BitPay made a new announcement. In the announcement made by BitPay, Australian energy company 1st Energy announced that it will accept payments in the popular prank currency Shiba Inu.

Besides Shiba Inu, BitPay supports leading cryptocurrencies such as Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Wrapped Bitcoin and 5 stablecoins pegged to the dollar (BUSD, DAI, GUSD, USDP and USDC).

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Founded in 2014 and currently serving New South Wales, Victoria and Queensland, 1st Energy has become Australia's first energy retailer to accept cryptocurrencies through a partnership with BitPay. This means that the electricity company's customers can now pay their bills using any cryptocurrency offered through BitPay.

BitPay is the world's largest Bitcoin and cryptocurrency payment service provider, launched in 2011. In December 2021, BitPay announced the integration of Shiba Inu into its wallet app, thus allowing to store, buy, trade and spend SHIB.

Shiba Inu Goes On The Rise

The popular prank currency recorded huge gains in the first quarter of last year and took the cryptocurrency market under its influence. Many investors started investing in the popular prank currency due to the high rises during this period. However, the price fell sharply afterwards and is currently struggling to regain its previous levels.

shib to usd chart

The popular joke currency Shiba Inu also started to increase again with the change of direction of the cryptocurrency market and the impact of the news. As of the time of writing, SHIB continues to trade at $0.000024, with an increase of 0.80% in the last 24 hours, according to CoinMarketCap data.