In the ever-changing world of crypto, widespread adoption remains a key goal for many projects. For Shiba Inu, an important milestone was reached thanks to the integration into Binance Pay, the payment solution of the giant crypto exchange platform Binance. The team behind the Shiba Inu ecosystem recently highlighted the crucial role that Binance Pay plays in the growing adoption of SHIB as a payment method.
Binance Pay, an enabler for everyday use of SHIB
In the 17th edition of Shib Magazine, published on March 20, 2024, the Shiba Inu team highlighted how Binance Pay allows SHIB holders to use their crypto for contactless, secure, and borderless transactions. This feature promotes the adoption of Shiba Inu in everyday purchases and payments.
Thanks to Binance Pay, SHIB holders can now make purchases from major e-commerce platforms, book trips to their dream destinations, and even gift gift cards to loved ones, all using their SHIB crypto. And the best part is that they can do this without paying any additional transaction fees.
Growing crypto adoption of SHIB via Binance Pay
The Shiba Inu team also shared encouraging statistics highlighting the growth of SHIB adoption on Binance Pay. According to the magazine, SHIB crypto-related transactions on the platform increased by more than 30% year-on-year between 2022 and 2023.
Additionally, Shiba Inu ranked among the top 6 most popular cryptos in terms of trading volume on Binance Pay during this period, demonstrating users’ growing interest in using SHIB in their daily payments.
The team also highlighted Binance’s efforts to form strategic partnerships to expand the Shiba Inu acceptance ecosystem. Collaborations with payment providers like CoinGate, real estate developers like Bin Faqeeh in Bahrain, and merchant networks in France, Georgia, and Latin America have significantly increased crypto payment options with SHIB.
The integration of Shiba Inu on Binance Pay represents a significant milestone in the growing adoption of this popular crypto. By highlighting the benefits of this payment platform, the Shiba Inu team highlights the progress being made to make SHIB more easily accessible and usable in everyday life.
As Binance continues to partner with more merchants and payment providers, the prospects for adoption of Shiba Inu as a legitimate and convenient crypto payment method continue to improve. This development brings SHIB one step closer to its ultimate goal of becoming a truly decentralized and widely used crypto.
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