The meme coin project Shiba Inu (SHIB) announced a fiat-on-ramp feature allowing users to purchase USDC and BONE using MasterCard or Visa.
That comes after Shiba Inu inked a significant deal with fintech firm Wert, which is known for offering payment solutions to web3 and cryptocurrency projects.
Shiba Inu simplifies token purchases with a new service
The initiative streamlines access for individuals interested in the decentralized economy. Users can transact using mainstream payment options like MasterCard and Visa.
Moreover, it reduces the complexity of bridging tokens or exploring multifaceted exchanges. That boosts the accessibility of USDC and BONE, enhancing the duo’s value and use cases.
Shiba Inu’s new move makes it simple for newbie crypto buyers to join the decentralized world. Experts believe this initiative will bolster Shib ecosystem adoption through magnified accessibility.
Meanwhile, individuals no longer need centralized exchanges (CEXs) to buy USDC and BONE, alleviating one of the primary entry obstacles for individuals interested in digital assets.
The development matches Shiba Inu’s goal of expanding its project and creating more opportunities & value for users.
The simplified approach represents a vital milestone for the Shib ecosystem. Besides amplifying token purchases, the initiative will inspire wallet creation. A massive user base will cement the meme coin’s influence within the DeFi sector.
The announcement added:
With the rollout of this fiat on-ramp, the Shiba Inu team anticipates increased accessibility of the Shiba ecosystem, promoting wallet creation and token acquisition to new users and fostering connections with existing users.
Shiba Inu’s road to billion users
The fiat on-ramp service comes as SHIB developers strategize to attract over 1 billion users. The project’s leader, Shytoshi Kusama, made a crucial announcement that could be vital for SHIB to attain the 1 billion user goal.
During his speech at this year’s Blockchain Futuristic Conference, the lead developer revealed an astounding approach that might revolutionize SHIB’s future and reinforce its market dominance.
Shiba Inu made this possible through a strategic collaboration with the IIFA (International Indian Film Academy Awards).
The partnership represents a long-term deal to integrate SHIB’s technology and IIFA’s infrastructure.
The altcoin will gain access to an enormous audience and attract new developers and partners to propel Shiba Inu toward its ambitious vision of mass adoption.
SHIB price outlook
The dog-themed crypto traded at $0.00001378 at press time, up 0.81% within the past day.
Source: Coinmarketcap
Broad market recoveries pushed SHIB from the daily low of $0.00001352. Nonetheless, the 35% decline in 24-hour trading volume reflects weakness, and Shiba Inu could plunge before solid upswings.
Meanwhile, Shib developers are working to make SHIB more than a meme with magnified use cases.
The increased utility will attract a massive user base, boosting the alt’s liquidity and ensuring long-term stability.
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