With each passing day, Shiba Inu (SHIB) adoption seems to be rising, a testimony of the development team working actively to propel the token’s growth and relevance worldwide.
Despite the delay in Shibarium’s launch, marked to boost SHIB’s adoption, the dog-themed meme is still bagging significant adoptions, with the most recent coming from YesStyle integration with Binance Pay, a top cryptocurrency payment gateway.
For context, YesStyle is a renowned beauty and lifestyle company based in Hong Kong. It ranks among the best places for beauty and fashion, boasting an average rating of 4.3 out of 5 per the Trustpilot business review site.
What Does This New Collaboration Mean for Shiba Inu (SHIB)?
YesStyle’s latest collaboration implies that over 300 beauty brands will henceforth accept payments in the form of cryptocurrencies, including Shiba Inu (SHIB).
In addition, the partnership will promote integration with different sectors and works of life, ranging from rental companies to airlines and travel services.
Binance Pay’s recent launching of a WordPress plugin for E-commerce websites, dubbed “Binance Pay WooCommerce Plugin,” will undoubtedly boost SHIB’s globally recognized acceptance as a payment option with its Plugin that enables more than 40% of the world’s websites to accept Shiba Inu payments.
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Other Notable Developments
Among other notable inventions that have proven to be crucial in Shiba Inu’s growth and multinational adoption, the Shibarium remains the most indispensable, as its burn capacity will go a long way in incinerating SHIB’s enormous demand, culminating in inducing SHIB’s increased demand and invariably spiking the asset’s price.
Although we still hope for a potential Shibarium release in August, as disclosed by the team lead developer, the Shibarium Beta Testnet (Puppynet) debuted in March 2023, and it was impressive, especially with its features.
In addition, Shibarium Beta Bridge, a cross-chain protocol that allows users to swap digital assets across networks like Ethereum (ETH) to the Shibarium network, also went live in late July with proven potentials, especially in functionalities and other features.
The most recent development that graced the Shiba Inu platform is the recent shortlisting of SHIB as a collateral asset by Binance, the world’s largest crypto exchange.
Meanwhile, Shiba Inu (SHIB) price as of the time of filing this report is $0.00000992 with a market cap valued at $5,837,874,565 and a trading volume of $768,865,854, according to CoinGecko,
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