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Binance Pay, Binance's cutting-edge crypto payment service, has recently launched a dedicated page to handle Shiba Inu (SHIB) payments. This new functionality offers up a plethora of potential for SHIB holders, making it easier for businesses and consumers to transact with this increasingly popular asset.
Binance Pay Enhances SHIB Utility with Fee-Free Transactions and Expands Marketplace Integration
According to The Shib Daily (via Coingape), the newly established page is intended to make accepting SHIB payments more convenient. This illustrates Binance Pay's dedication to increasing the utility of cryptocurrencies in everyday transactions. Binance Pay accepts over 80 tokens for seamless payments, including SHIB.
Furthermore, it provides consumers with a simple and secure way to use their cryptocurrency assets. One notable advantage of using SHIB through Binance Pay is the elimination of gas fees, which have historically been a substantial barrier to crypto spending. By eliminating these costs, Binance Pay has greatly increased Shiba Inu transaction volume. This makes it one of the most popular tokens on the site.
This 'fee-free' environment fosters more frequent and diverse transactions, making SHIB a more appealing choice for both customers and businesses. Binance Pay's adaptability extends beyond payment facilitation with the Binance Marketplace, a hub where users may purchase a variety of Shiba Inu-based products and services.
The marketplace is particularly appealing because of its unique deals, discounts, and token awards, which provide additional value to SHIB holders. This integration broadens the practical applicability of SHIB, changing it from a speculative asset to a genuine means of exchange.
Furthermore, Shiba Inu's integration into Binance Pay exemplifies the platform's broader objective of increasing the everyday utility of cryptocurrencies. Meanwhile, the SHIB price increased as the larger market rallied today.
Shiba Inu Price Surges to $0.000025, Bullish Run Expected Amid Rising Trading Volume
The Shiba Inu price has regained the $0.000025 level, indicating an approaching bullish run. At publication time, the SHIB price had risen 5.46% to $0.00002543 on Thursday, May 16. Meanwhile, the popular meme coin had a market valuation of $14.98 billion.
In addition, SHIB's 24-hour trading volume increased 28.81% to $1.17 billion. Furthermore, Shiba Inu reached a peak of $0.00002577. Furthermore, SHIB futures open interest increased 10.34% to $78.04 million as derivatives traders continued to wager, according to Coinglass.
Shiba Inu experienced massive short liquidations in the last 24 hours, totaling $329.42K. To limit their losses, short traders are expected to buy back their bets. This could result in a further increase in SHIB's value.
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