Shiba Inu (SHIB) Goes Green As Binance Visa Card Onboards Meme Coin

News

SHIB

Summary:

  • Binance Card now supports the Shiba Inu cryptocurrency.
  • The popular meme coin is the 16th largest crypto with over $6 billion in market cap.
  • Users across Europe can leverage Binance Card to make payments using the SHIBA INU coin
  • Such transactions attract zero fees and users can get as high as 8% of their cash back.
  • Support for Ripple (XRP) and Avalanche (AVAX) also rolled out.
  • Binance Card works as a payment facility for over 60 million merchants across the globe.

Meme coin Shiba Inu has been added to the list of supported cryptocurrencies for Binance’s Virtual Visa Card issued to European users as the exchange moves to expand the card’s utility and onboard a broader range of cryptos for the European market.

Binance Card is a debit card launched back in 2020 in partnership with payments giant Visa. The virtual card powers payments for European users and works for more than 60 million merchants across the world. 

Additionally, the card supports cryptocurrencies BinanceUSD (BUSD), Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) to name a few. The Euro is also supported by the card as a fiat currency and features zero-fee transactions.

The news was also confirmed by the official Binance Twitter accounts on Friday. Shiba Inu is the 16th largest crypto at press time and boasts a market cap north of $6 billion, per data from CoinMarketCap.

Shiba Inu also has a daily transaction volume of over $300 million at press time. The meme coin flashed green on the back of the news.

SHIB, XRP, And AVAX Added To Binance Card Cryptos For Europe

Binance also announced support for Avalanche (AVAX) and Ripple (AVAX). The latest additions expand the crypto roster previously available to Binance Visa Card users. 

As of May 2022, Binance Card only supported BNB, BUSD, USDT, BTC, SXP, ETH, EUR, ADA, DOT, LAZIO, PORTO, and SANTOS.

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