Crypto.com Adds SHIB and Other Meme Coins to Visa Card Payment

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Last updated: June 21, 2024

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Crypto.com Adds SHIB and Other Meme Coins to Visa Card Payment

Crypto.com has an update for its Visa card, allowing users to fund it with SHIB and other meme coins. This development underscores Shiba Inu’s growing acceptance of digital finance and cryptocurrency. In a recent statement, Crypto.com confirmed that over 100 cryptocurrencies, including BTC, ETH, and SHIB, are now available for Visa card funding. This expansion marks a pivotal step for the crypto project, enhancing its utility and value in everyday transactions.

100+ tokens now supported to make it easier to fund your https://t.co/vCNztATkNg @Visa Card 💳
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Now including meme coins like $SHIB, $PEPE, $FLOKI, and $WIF!

Fund your Card now: https://t.co/AaE1nq6C8N pic.twitter.com/i8XK6Duulq

— Crypto.com (@cryptocom) June 19, 2024

SHIB’s Expanding Utility on Crypto.com

The acceptance of SHIB for funding the Crypto.com Visa Card means users can now utilize the crypto for daily transactions. This significantly boosts the currency’s utility and solidifies its position in mainstream finance.

Crypto.com, one of the leading crypto exchange platforms, plays a crucial role in this transition. Their Visa card is widely used for daily cryptocurrency transactions, making Shiba Inu’s inclusion particularly impactful. By integrating SHIB coin into its payment options, Crypto.com is not only enhancing the usability of its Visa card. It is also promoting wider adoption of the coin in everyday commerce.

Broader Acceptance and Integration

Shiba Inu’s inclusion follows a recent announcement from Lucie, SHIB’s marketing lead, highlighting its transition from a meme coin to a valuable digital asset. A growing number of businesses globally now accept SHIB for payments, from booking flights to shopping for luxury goods.

Not Just a Meme Coin: Where You Can Actually Spend Your Shiba Inu (SHIB) https://t.co/I2y8adCNNk

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) June 20, 2024

Shiba Inu recently achieved a significant milestone by enabling a web3 food delivery order through DevourGO. This marked the first instance of a meme coin completing a transaction on a prominent Web3 platform. This development showcases the increasing acceptance of digital assets in everyday commerce. Additionally, SHIB users can purchase movie tickets, concessions, and merchandise at AMC Theatres and Regal Cinemas.

SHIB’s acceptance is growing across various retail and service sectors. Newegg, a major electronics retailer, announced its acceptance of the crypto with a billboard, integrating cryptocurrency into the tech retail space. GameStop, a popular video game retailer, also accepts SHIB, allowing gamers to buy their favorite products. Moreover, Twitch users can support their favorite streamers using the memecoin, adding another utility layer to the token.

SHIBUSD — **SHIB’s price currently stands at $0.0000178. | Source: TradingView.com**

Widespread Service Adoption of SHIB

Further, Some airlines and services facilitated through Flexa started accepting SHIB, offering more options for travelers to use their digital assets. Sling TV now enables payments for TV subscriptions using SHIB, and Menufy allows customers to order food and pay with SHIB, broadening the token’s practical uses.

Luxury brands like Gucci, Nordstrom, and Whole Foods, among others, have also adopted SHIB, further integrating it into various retail spaces. Ultimately, this growing list of businesses accepting SHIB underscores its increasing acceptance and utility in the real world.

Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Author

Naveed Iqbal

Naveed is a skilled crypto journalist exploring blockchain things for over 6 years now. He enjoys covering breaking stories in crypto and web 3 space. With a deep understanding of digital currencies and sharp analytical mind, Naveed has earned a reputation for delivering well-researched and thought-provoking articles at multiple crypto outlets.

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