Shiba Inu has taken the path of payments to increase the usefulness of the coin. Over the last year, various companies and retailers have begun accepting the meme currency as a form of payment, presumably to capitalise on the coin’s popularity among investors.
Binance, the biggest cryptocurrency exchange in the world, is now accepting it as a payment method, advancing its payment usefulness.
Binance now includes Shiba Inu
In a recent article, the cryptocurrency exchange Binance announced that its Binance card would soon support other currencies. The Binance card enables users to pay at retailers throughout the globe using their cryptocurrency, and it already includes somel significant cryptocurrencies.
However, Shiba Inu has not been included on the list until today. The article informed that Shiba Inu investors with a Binance card may now make purchases using their SHIB tokens.
Additional Choices From Binance
Not only was Shiba Inu added to the Binance card, but other cryptocurrencies as well. The cryptocurrency exchange stated that it was extending its card offerings by enabling customers to make payments using Ripple (XRP) and Avalance (AVAX).
These additions bring the total number of cryptocurrencies accepted by the Binance card to fourteen. As a result of the inclusion of the new cryptocurrencies, the exchange said that Payment Priority would be modified. Users may continue to use their Binance card as before.
The Binance card is currently restricted to E.E.A. citizens and Ukrainian refugees in E.E.A. regions. In addition, users must have a minimum of six coins on their Priority List, with a maximum of twelve cryptocurrencies allowed.
Also read: The Crypto Market Maintains Its Position Of Over $1 Trillion Despite Bitcoin Price Declines
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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