By Alicia Maher
BitPay published a tweet recently where it broke the news of a recent achievement. It has been contracted by SAP SE, a German software farm, to help with staff payroll.
BitPay to Handle Payment
BitPay works with the top cryptocurrencies like Bitcoin and Ethereum. It also works with other popular ones like Dogecoin and Shiba Inu. The tweet also reminds followers that BitPay and SAP SE signed an agreement earlier this year.
SHIB has now been included among the list of cryptocurrencies SAP SE accepts. The firm published a blog post on its site where it spoke about the startups it selected. The selection panel consisted of financial experts, partners, and customers.
The selected startups include BitPay. It will now provide part of SAP SE’s staff salaries in different cryptocurrencies, including SHIB.
Other startups that were selected will receive mentoring in various topics. These include NFTs, crypto, artificial intelligence, blockchain, etc. They will be taught by top executives at SAP on those topics within the next year.
The startups will later get access to SAP’s tech and application programming interfaces. They will equally be given an opportunity of cooperating with the firm’s clients from around the globe.
Bitcoin Decouples?
These startups have been enrolled to participate in the SAP.io Foundry program. It takes place in New York this year Fall. Apart from BitPay, others include Gmetri, in the metaverse and web3 space, and Beem, in the AR space.
The crypto movement tracker, Whale Alert, said a whale transferred over 3.38 trillion SHIB. The tokens moved are worth an approximated $34.887,130. The originating wallet currently has no token left as it sent out all to the recipient’s address.
In other news, there has been news that Bitcoin is decoupling from the stock market. Other cryptocurrencies might follow suit if this turns out to be completely true. It currently trades over $19,000 as it added 0.433% in 24 hours.
Ethereum, on the other hand, is trading in the red zone. Stocks are now outperforming cryptocurrencies. It happens to be a poor turnaround for crypto bulls.
The S&P 500 index has gone up by 1.9% while Nasdaq is up by 2.2%. They both extended their bullish run. Other big names like Microsoft, Amazon, and Meta are ahead in the rally.
The Dow also leaped higher as it added 500 points. Stocks rallied on Monday because of the good earnings.