Shiba Inu, the popular meme coin, was trying to enhance its payment utility for a while now. Since last year, several businesses, merchants, and brands have started accepting cryptocurrency as a valid mode of payment.
Binance, the world’s largest crypto exchange has added Shiba Inu’s token SHIB to its Visa Card in Europe. Now, Visa Card users will be able to spend the SHIB token for purchasing products and services at almost 60 million merchant stores globally. It is a huge milestone for Shiba Inu which will increase its utility as well as accessibility in Europe.
The Binance card will now enable real-time SHIB conversion to fiat currency in Europe. The Binance Visa cardholders can use their Visa cards to make payments in SHIB tokens. The card can be used for in-store and online payments. Along with this, the SHIB token can also be added to popular digital wallets like Samsung Pay and Google Pay.
Not only this, but the Binance card will also provide amazing discounts and perks to Shiba Inu users. Along with zero annual fees, users can also get special discounts on using SHIB tokens for making payments for their purchases.
Shiba Inu’s official Twitter handle announced this news. It tweeted, “you can now pay with SHIB at 60+ million merchants worldwide. Furthermore, get up to 8% cashback and zero annual or FX fees!”
Binance is trying to add more capabilities of new coins to its Binance card. The Binance card already features some of the most prominent cryptos including Bitcoin (BTC) and Ethereum (ETH). After the addition of Shiba Inu (SHIB), the total number of cryptocurrencies supported by the Binance card has increased to fourteen.