As an experienced analyst in the crypto industry, I have closely observed the rapid growth of Shiba Inu’s adoption rate. The latest announcement from Crypto.com about incorporating Shiba Inu into its Visa card payments is yet another major milestone that underscores this trend.
As a researcher, I’ve noticed an impressive surge in the adoption of Shiba Inu. This trend is further reinforced by recent news that Crypto.com, a prominent digital asset exchange, has added Shiba Inu to its list of accepted currencies for Visa card payments. Joining forces with other well-known meme coins, this adoption marks another significant milestone for Shiba Inu in the ever-evolving crypto world.
Crypto.Com Expands Support For Shiba Inu
As a crypto analyst, I’m excited to share that starting June 19, I’ve noticed Crypto.com has included Shiba Inu among the supported cryptocurrencies for their Visa card. This means cardholders can now use Shiba Inu, along with popular meme coins like Floki, PEPE, and Dogwifhat (WIF), to make transactions. The announcement was made in an official post on Crypto.com’s X platform, previously known as Twitter.
As a researcher, I would describe the Crypto.com Visa card as a prepaid card program that functions in a manner akin to a traditional debit card. However, it offers unique features for digital asset transactions and cash withdrawals at Automated Teller Machines (ATMs). This Visa card supports over a hundred different digital assets, including prominent cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), enabling users to make seamless transactions using their preferred digital currencies.
With approximately 40 million Point of Sale (POS) locations and an abundance of online retail platforms, Crypto.com aims to boost the usage of SHIB by expanding its reach.
As a Shiba Inu investor, I’m thrilled to share that we now have the convenience to carry out daily transactions using the Visa card connected to our Crypto.com account. No matter where in the world I am, as long as Crypto.com’s services are accessible, I can easily execute transactions with my favorite cryptocurrency.
As a crypto market analyst, I’m excited to share that Shiba Inu (SHIB) is expanding its reach with the availability of Crypto.com’s Visa card in countries like Singapore, the United States (US), the United Kingdom (UK), Europe, and Canada. This means SHIB will continue to grow its community and foster global adoption, allowing both SHIB investors and regular crypto users to utilize the Crypto.com Visa card for transactions related to SHIB.
Additionally, the crypto exchange announced in a recent update that investors have the ability to finance their Visa cards using Shiba Inu coins directly from their digital wallets. This new feature allows for effortless execution of transactions through standard card payments.
SHIB Continues To Gain Widespread Adoption
Shiba Inu has been expanding its user base with the help of numerous well-known cryptocurrency platforms around the globe. Notably, this canine-themed meme token is accessible on prominent exchanges like Binance, Coinbase, and more.
Although SHIB ranks second in terms of meme coin market capitalization and boasts a substantial user base numbering in the millions, its popularity continues to surge. This is due in part to its amusing meme coin identity and notable presence within the crypto realm. A significant adoption landmark was reached on June 18th when The Sandbox, a widely-used metaverse gaming platform, disclosed that they now possess a substantial quantity of Shiba Inu tokens.
As an analyst, I’ve noticed some intriguing developments regarding Shiba Inu’s layer 2 network, Shibarium. According to the latest report in The SHIB magazine, there has been a substantial surge in new transactions on this network. Specifically, there was a striking 341% increase, with the number of transactions rising from 2,990 to 13,191 between June 9 and June 15.
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2024-06-20 17:11