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You Can Now Use Shiba Inu (SHIB) to Pay at 90 Million Merchants with Binance Card

You Can Now Use Shiba Inu (SHIB) to Pay at 90 Million Merchants with Binance Card

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Meme cryptocurrency Shiba Inu (SHIB) continues to see growth, and Binance’s pilot card in Argentina now supports it

The meme cryptocurrency Shiba Inu (SHIB) can now be accepted by about 90 million merchants around the world, according to Friday. ad.

This was made possible when Binance Argentina added its SHIB prepaid card to the list of supported cryptocurrencies.

Users can earn up to 8% crypto cashback on their purchases. The exact percentage depends on the level of the card.

Binance’s prepaid card was introduced at the beginning of August in cooperation with the Argentine financial services company Mastercard. It started testing the waters with the beta release of the product.

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Last year, several local cryptocurrency exchanges, including Lemon Cash, launched their own cryptocurrency card offerings.

The Binance card can be used in all physical and online stores that support Mastercard.

Binance introduced its card in the European Economic Area (EEA) already in July 2020 in cooperation with global bank card company Swipe.

Argentina became the first Latin American country to introduce such a card.

The card converts a large amount of cryptocurrencies into fiat currencies at the point of sale.

The addition of SHIB is likely to boost cryptocurrency adoption for merchants. As reported by U.Today, BitPay, a leading cryptocurrency payment processor, added support for the meme coin in December. This led many merchants to accept the token.

Source: https://u.today/you-can-now-use-shiba-inu-shib-to-pay-at-90-million-merchants-with-binance-card



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