Gushiken Yona
Shiba Inu (SHIB) has reached a significant milestone in its journey toward mainstream adoption, as it joins an elite group of cryptocurrencies accepted for funding on the Crypto.com Visa Card.
This development comes as a major boost for the Shiba Inu community, further solidifying SHIB’s position in the evolving landscape of digital assets.
Crypto.com, a leading cryptocurrency platform, recently informed its customers via email of an update on the expanded token support for its Visa card. In the update, it shared that Shiba Inu (SHIB) is now among the cryptocurrencies accepted for funding its Visa Card.
The company shared the news with its customers, highlighting the inclusion of SHIB alongside other major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
“Dear Valued Customer, We are pleased to inform you that you can now fund your Crypto.com Visa Card with over 100 top cryptocurrencies across all jurisdictions. These include BTC and ETH, along with meme coins like SHIB…” the announcement, seen by The Shib Daily, read.
“I see it as an acknowledgment that Shiba Inu is a valuable asset for crypto.com (CDC) and they think of ways users of their CEX can use their SHIB holdings. Back in 2022, CDC had a big chunk of SHIB on its holdings, and support trading of $BONE and $LEASH,” a Shib Army OG who uses the handle @Sand_ShibArmy told The Shib Daily.
“As a Shiba Inu holder, and user of the card this makes it easy for me to spend SHIB on everyday life,” the Shib Army, who received the email from Crypto.com added.
This development marked a significant milestone for Shiba Inu and its community of holders. Being accepted for funding the Crypto.com Visa Card means that SHIB can now be used for everyday transactions, enhancing its utility and value. The move underscored Shiba Inu’s growing acceptance in the mainstream financial ecosystem and its transition from a meme coin to a more widely recognized and utilized cryptocurrency.
For SHIB holders, this announcement brings several advantages. Firstly, it provided them with more options for spending their tokens, integrating Shiba Inu into a practical, real-world application. This could potentially drive higher demand for SHIB, as more people might be inclined to acquire the token for its increased usability. Additionally, the inclusion in Crypto.com’s Visa Card funding could boost investor confidence, as it signaled greater institutional recognition and acceptance of Shiba Inu.
Furthermore, the ability to use SHIB for card funding on a major platform like Crypto.com could attract new investors looking for versatile and practical cryptocurrency options. This development aligned with Shiba Inu’s broader goals of expanding its ecosystem and enhancing the token’s functionality beyond speculative trading.
Disclaimer: The Shib Daily has contacted Crypto.com to verify the details of this exciting news and will provide updates as they become available.
Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice.
The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
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