Sunday August 7, 2022

Binance Prepaid Card Adds Shiba Inu (SHIB) Token For Payments
  • SHIB payments will now be accepted at more than 60 million shops globally.
  • Binance card has increased the number of cryptocurrencies supported to 14.

The cryptocurrency Shiba Inu has been going the payments route in an effort to increase its usefulness. To capitalize on the currency’s popularity among investors, a growing number of businesses and shops are already accepting the meme coin as a form of payment. It is now available on the Binance card of the biggest cryptocurrency exchange in the world, which means it may now be used for payments.

Earlier this month Binance said that it will be introducing additional currencies to its Binance card, which is a virtual currency wallet. For those who want to pay for goods and services throughout the globe with cryptocurrency, the Binance card is a great option.

Significant Exposure For Payments

Until today, the Shiba Inu has not been included on this list. Customers who have a Binance card may now pay for goods and services using their SHIB tokens. As a result of the expanded support, SHIB payments will now be accepted at more than 60 million shops globally that accept the Binance card.

In addition, the Binance card’s usage with the Shiba Inu comes with certain enticing benefits. The card comes with no annual or foreign exchange fees, and holders may earn up to 8% cashback. The Shiba Inu coin was not the only one to be introduced to the Binance card. Two additional cryptocurrencies, Ripple (XRP) and Avalanche (AVAX) will be accepted as payment methods on the crypto exchange’s card.

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Adding these coins to the Binance card has increased the number of cryptocurrencies supported to 14. Bitcoin (BTC), Ethereum (ETH), and the BUSD are just a few examples. 

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