Shiba Inu (SHIB), Bitcoin (BTC) and other cryptocurrencies supported by Binance Gift Card would now be utilized at 5,000 points of sale (PoS) in major Italian cities. This is made possible by Binance's new collaboration with Mr. Pay, a fintech platform that provides payment solutions and financial transactions.
In a tweet, Binance says that users can now revolutionize the way they spend with their Binance Gift Card in Italy. Users would be able to convert fiat to crypto and send or receive crypto thanks to its partnership with Mr. Pay, which is available at 5,000 points of sale in major Italian cities.
Binance Gift Card supports over 270 cryptocurrencies, including Bitcoin and Shiba Inu, as well as many fiat currencies. Binance Gift Card allows users to send and receive cryptocurrency in a customizable way at zero fees for both Binance and non-Binance users. Thus, the news remains positive for crypto adoption.
In the past week, Binance made it known in a tweet that the Georgia-based Radisson hotel now accepts crypto payments for reservations, including Shiba Inu, Bitcoin and others supported by Binance Pay.
A recent partnership between Binance and CityPay, a Georgia-based payment service provider, makes this possible. The crypto community excitedly received the news last week that Ralph Lauren's new Miami store would be accepting crypto payments via BitPay.
The cryptocurrency payment processor BitPay supports cryptocurrencies such as Bitcoin, Shiba Inu, Polygon and others.
Shiba Inu's burn rate soars by millions of percent
According to the Shibburn website, the Shiba Inu burn rate soared millions of percent by over 5 million (5,530,755) as the community made massive burn transactions in the last 24 hours.
In the past 24 hours, a whopping 1,106,171,150 SHIB tokens were burned in three transactions. Meanwhile, in the last seven days, a total of 1,178,830,489 SHIB tokens were burned in 26 transactions.
At the time of writing, SHIB was down 1.32% in the last 24 hours to $0.00001048.