Advertisement
AD

Main navigation

Advertisement
AD

Shiba Inu: Businesses Can Now Accept SHIB for Fiat Directly Through This Feature

Advertisement
Tue, 12/07/2022 - 14:18
Shiba Inu: Businesses Can Now Accept SHIB for Fiat Directly Through This Feature
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

NOWpayments, the Shiba Inu-friendly crypto payments processor, continues to expand support for the meme cryptocurrency. This time, in partnership with Switchere crypto exchange, NOWPayments has launched an auto-conversion feature that would enable its merchants to exchange their SHIB funds for fiat directly without any intermediary transactions.

Advertisement

As of May, SHIB wrapped on the BNB Chain can now be accepted by merchants using NOWPayments. Earlier in 2022, the noncustodial cryptocurrency payments processor added a feature that enables businesses to burn a portion of the revenues they receive in Doge Killer (LEASH) or Shiba Inu (SHIB).

Shiba Inu holders have crossed 1.2 million mark

Shiba Inu holders continue to grow, crossing the 1.2 million mark. According to WhaleStats, the number of Shiba Inu holders stands at 1,200,301. An analysis of the top 100 Shiba Inu holders shows 23.61% of the average SHIB balance of these holders, a 15.29% increase in average SHIB value and a positive increase of 110% in netflow.

Advertisement

This comes as Shiba Inu returns among the top 10 most purchased and also in trading volume among the 5,000 biggest ETH whales in the last 24 hours. Shiba Inu also ranked among the most used smart contracts among the top 2,000 ETH whales in the last 24 hours.

According to the SHIB burn Twitter handle, there have been over 52,707,613 SHIB tokens burned and 15 transactions made in the last 24 hours.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD