Bitrabo Editorial
Another significant adoption has been achieved by Shiba Inu, with the well-known digital asset exchange, Crypto.com, announcing its support for the popular meme coin. Crypto.com has now included Shiba Inu for Visa card payments, joining other meme coins.
Crypto.Com Supports Shiba Inu
Crypto.com recently announced the integration of Shiba Inu into its Visa card platform. The announcement was made on June 19 through a post on X (formerly Twitter), revealing support for Shiba Inu and other meme coins like Floki, PEPE, and Dogwifhat (WIF) on its Visa card.
The Crypto.com Visa card functions as a crypto prepaid card, similar to a regular debit card but tailored for digital asset transactions and ATM withdrawals. It supports over 100 digital assets, including popular cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).
With over 40 million Points of Sale (POS) globally and numerous online retail outlets, Crypto.com’s support is expected to bring new adoption for SHIB.
Shiba Inu investors now have the opportunity to conduct daily transactions using this Visa card anywhere in the world where Crypto.com operates. The availability of the Crypto.com Visa card extends to residents in Singapore, the United States, the United Kingdom, Europe, Canada, and other regions, broadening Shiba Inu’s reach and fostering global adoption.
Furthermore, Crypto.com revealed that investors can fund their Visa card with Shiba Inu from their crypto wallets to facilitate seamless transactions through card payments.
SHIB’s Growing Popularity
Shiba Inu continues to expand its audience through various cryptocurrency exchanges worldwide. This meme coin, known for its dog-themed design, is now present on major exchanges like Binance and Coinbase.
Despite holding the second-largest market capitalization among meme coins and boasting a large user community, SHIB’s popularity is on the rise due to its humorous meme status and prominence in the crypto sphere. Recently, it reached a significant adoption milestone as The Sandbox, a renowned metaverse gaming platform, announced its acquisition of Shiba Inu tokens.
Moreover, Shiba Inu’s layer 2 network, Shibarium, has observed a substantial 341% increase in new transactions, climbing from 2,990 to 13,191 between June 9 and June 15, as reported by The SHIB magazine.