- Wirex, the banking alternative for Web3, has allowed its 5.5 million users to buy, exchange, and spend Shiba Inu (SHIB) at over 81 million retailers globally.
- The increasing adoption of SHIB for payments and strategic partnerships like the one with BitPay indicate a promising future for SHIB’s market value.
In a momentous stride towards mainstream adoption, Shiba Inu (SHIB) has carved an impressive mark on the global retail map. Facilitated by the digital payment platform, Wirex, SHIB transactions are now a reality for its 5.5 million users at a staggering 81 million outlets around the world.
A Commendable Anniversary for Shiba Inu
The Shiba Inu project, a vivacious player in the crypto arena since August 2020, just commemorated its third anniversary. The occasion was marked by a string of congratulations from users and partners alike, all celebrating the project’s exponential growth within a short span of three years.
One such acknowledgement came from Wirex, which applauded the thriving ecosystem and remarkable milestones of Shiba Inu. In an exciting revelation aligned with the anniversary, Wirex disclosed insightful data about SHIB transactions.
As a self-proclaimed banking substitute for the Web3 era, Wirex had welcomed SHIB onto its platform back in 2022. Ever since, it has been a fulcrum for its 5.5 million users, empowering them to buy, exchange, and importantly, spend SHIB across more than 81 million retailers worldwide.
Users find extra incentives to spend SHIB via this platform as Wirex offers rewards for every transaction. As indicated in their recent promotional video, users can earn up to 8% rewards for each Wirex ATM card transaction involving SHIB or any of the other 250 crypto assets that the platform supports.
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The Upswing of Shiba Inu in the Payment Ecosystem
The rate at which SHIB is being adopted for payment settlements is accelerating. The ‘ShibArmy’ community members have high hopes that this escalating adoption, coupled with strategic alliances, will trigger a rise in SHIB’s market value over time.
An exemplar of such strategic partnerships is the recent collaboration between BitPay and Sardine. This alliance was orchestrated to facilitate instant settlements for SHIB and card payments for the dog-themed token across 180 nations. It has helped BitPay users carry out SHIB transactions up to $3,000 daily, with superior authorization rates and minimal fees.
As SHIB’s social dominance ascends in anticipation of the critical ecosystem addition — Shibarium, early Bitcoin adopter Davinci Jeremie hints at something significant on the horizon for Shiba Inu in the forthcoming months.
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