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Australia’s energy retailer partners with BitPay for crypto payments

BitPay
BitPay

1st Energy, an Australian energy company, is venturing towards cryptocurrency payments. The company has announced that it will integrate Shiba Inu into its payments system. This payment option will be available through a partnership with Shiba Inu.

1st Energy accepts crypto payments

“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,” the company tweeted.

Besides Shiba Inu, the other cryptocurrencies that will be supported include Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, Litecoin, Wrapped Bitcoin, and USD-backed stablecoins such as BUSD, USDP, USDC, DAI and GUSD.

1st Energy is a company founded in 2014. The company has a presence in New South Wales, Queensland and Victoria. Through this initiative, it has become the first energy company in Australia to accept cryptocurrency payments through its partnership with BitPay.

Customers of this energy company can now choose any cryptocurrency supported on BitPay to make their payments. BitPay is currently the world’s largest cryptocurrency payment service provider. BitPay was launched in 2011, and it integrated Shiba Inu as a payment option in December last year. This integration allowed people to store, buy, swap and spend Shiba Inu.

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Growing crypto adoption

The level of cryptocurrency adoption continues to grow despite the recession across the cryptocurrency market. Recently, SuperJeweler, a jewelry collection firm in New York, announced it has also partnered with BitPay to accept cryptocurrency payments, including Shiba Inu.

AMC Entertainment, one of the largest movie theatre firms globally, recently announced the support of BitPay. The company’s CEO, Adam Aron, confirmed that support for crypto payments will be unveiled on March 19. “BitPay will be live for AMC online payments on our website by March 19 and live on our mobile apps by April 16,” he said.

Shiba Inu recently announced a strategic partnership with the John Richmond fashion company. Through this partnership, 10,000 non-fungible tokens (NFTs) will be created. The NFTs will be in the form of a fashion collection. The NFTs will also have a physical version presented during the Milan Fashion Week.

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