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29 May 2024
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Shiba Inu Takes Center Stage With Dedicated Payment Page On Binance Pay

Binance Pay, the cutting-edge cryptocurrency payment service by Binance, has recently introduced a dedicated page to facilitate Shiba Inu (SHIB) payments. This new feature opens up a host of opportunities for SHIB holders, streamlining the process for businesses and individuals to transact with this increasingly popular token.

Binance Pay Launches Dedicated Page For Shiba Inu

The newly launched page is designed to simplify the acceptance of SHIB payments, according to a report by ‘The Shib Daily’. Hence, this demonstrates Binance Pay’s commitment to enhancing the utility of cryptocurrencies in everyday transactions. Binance Pay supports seamless payments with over 80 tokens, including SHIB.

Moreover, it offers users a convenient and secure method to utilize their crypto assets. A standout feature of using SHIB through Binance Pay is the absence of gas fees, which have historically been a significant barrier to crypto spending. By eliminating these fees, Binance Pay has significantly boosted Shiba Inu’s transaction volume. This elevates it to one of the most popular tokens on the platform.

This ‘fee-free’ environment encourages more frequent and varied transactions, making SHIB a more attractive option for both consumers and merchants. Beyond facilitating payments, Binance Pay extends its versatility with the Binance Marketplace, a hub where users can purchase a variety of products and services using Shiba Inu.

The marketplace is particularly appealing due to its exclusive deals, discounts, and token rewards, providing added value to SHIB holders. This integration enhances the practical application of SHIB, transforming it from a speculative asset to a viable medium of exchange.

Furthermore, Shiba Inu’s integration into Binance Pay underscores the platform’s broader strategy to expand the everyday utility of cryptocurrencies. Meanwhile, the SHIB price surged amid the broader market rally today.

SHIB Price Notes Uptick

The Shiba Inu price recently regained the $0.000025 mark, which is a crucial level for an impending bullish run. At press time, the SHIB price climbed 5.46% to $0.00002543 on Thursday, May 16. Whilst, the popular meme coin boasted a market capitalization of $14.98 billion.

In addition, the 24-hour trading volume for SHIB jumped 28.81% to $1.17 billion. Moreover, Shiba Inu attained a peak of $0.00002577. Furthermore, the SHIB futures open interest soared 10.34% to $78.04 million as derivatives traders continued betting, according to Coinglass.

In the past 24 hours, Shiba Inu noted significant short liquidations with $329.42K liquidated. The short traders are expected to buy back their positions to mitigate losses. This could lead to a further rose in SHIB’s value.

The post Shiba Inu Takes Center Stage With Dedicated Payment Page On Binance Pay appeared first on CoinGape.

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