FirstEnergy will be the first Australian energy firm to start accepting crypto payments. This was revealed after BitPay, one of the old and most popular crypto payment processors launched in 2011, announced that FirstEnergy will be accepting crypto payments through it.
For a start, First Energy shall accept crypto payments in both Shiba Inu ($SHIB) and Dogecoin ($DOGE)
Through a Twitter announcement, BitPay noted that FirstEnergy will not only be accepting the meme coins for payments, but it shall also accept other leading cryptocurrencies like Bitcoin, Litecoin, Ethereum, and Stablecoins like $USDC, $BUSD, $DAI, and $USDP as well to make it easier for their customers to pay their utility bills.
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. Learn more: https://t.co/lVHQIlLCPW pic.twitter.com/rXEGCJ3gG4
— BitPay (@BitPay) March 4, 2022
FirstEnergy has settled on one of the main Shiba Inu supporters. It is important to note that BitPay's support for Shiba Inu through its debit card has played a big role in accelerating SHIB’s adoption among corporations like Walmart and AMC Theatre.
The CEO of AMC (movie chain giant) Adam Aron said:
‘’ in late February the firm would add support for BitPay-powered online payments later this month, with support for cryptocurrency payments on its mobile applications rolling out by April 16.’’
Shiba Inu has made several headlines over the past few days with the most recent development being the leading digital payment platform Wirex (with over 4.5 million users) allowing its users to spend their digital assets including $SHIB in over 80 million locations around the world.