Binance Card Is Now Supporting Shiba Inu
Shiba Inu Twitter publicized the accomplishment.
Binance has included SHIB in the list of cryptocurrencies that can be used with their Binance Card.
Binance has been known to be innovative in its efforts to both broaden its consumer base and enhance its user experience. By creating apps, supporting DeFi staking, and introducing Binance Card, it has made a major advancement. This is especially true for the Ukrainian refugees who are able to access digital services and conduct transactions with ease despite growing domestic pressures.
The Binance Card has declared that it will include XRP and SHIB in the list of accepted tokens. This is a major advancement, especially since these two coins have received a large amount of attention and use lately, even though XRP is facing an SEC accusation.
The SHIB Community Is Excited
The SHIB community showed great enthusiasm after the announcement was made. The official Twitter account of SHIB made sure to spread the glad tidings. Europe-based SHIB aficionados and users will be able to receive the Binance Card.
SHIB users now have the ability to use their token for transactions at over 60 million merchants worldwide, and they can receive up to 8% cashback with no annual or foreign exchange fees.
The news follows Milkshake, a representative of the Shib Marketing team, having a conversation about the potential use and expansion of Shib with Binance.
The Binance website released a statement with some rules to be followed by holders of the Binance Card. Currently, the card can only be used by people in EEA member states or Ukrainian refugees living in those countries. Additionally, users must keep six to twelve priority tokens on their card.