Binance Card Now Supports Shiba Inu (SHIB). Here’s Why This Is Important

Binance Card has added Shiba Inu (SHIB), XRP, and AVAX to the list of cryptocurrencies it supports. The digital and physical debit card, powered by the world’s leading digital assets exchange, Binance in partnership with Visa, now supports 14 cryptocurrencies as of 5 August 2022.

Per a Friday statement, Binance Visa Card has expanded its services to incorporate the second-largest decentralized meme token Shiba Inu (SHIB) alongside Ripple’s native token, XRP, and Avalanche (AVAX). 

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Users can now spend the underlisted cryptocurrencies; ADA, AVAX, BNB, BTC, BUSD, DOT, ETH, LAZIO, PORTO, SANTOS, SHIB, SXP, USDT, and XRP using their Card. These selected cryptos can also be converted to EUR currency.

As of 8 August 2022, the Binance Visa card supports only 14 digital currencies while there is a likelihood of many other cryptocurrencies being added to the list.

How Users Can Leverage Binance Visa Card

The virtual version of the Binance Visa Card can be used for online payments and is supported by Google Pay and Samsung Pay.

Part of the announcement read;

“To spend the newly supported cryptocurrencies with Binance Card, please go to Card Dashboard > Payment Priority > Edit to add, remove or rank cryptocurrencies for spending according to your own preference.”

“There will be no changes to the current Payment Priority preferences of existing Binance Card users with the addition of XRP, SHIB, and AVAX to Binance Card.”

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According to Binance, the Visa card allows for the real-time conversion of cryptocurrency to EUR currency, when users make transactions. It is worth noting that users can spend EUR directly from their Binance Funding Wallet.  

The financial entity, Swipe is the sole distributor of the Binance Visa Card. The debit card is available to Binance users living in the selected countries including Spain, Italy, Germany, Austria, Belgium, France, and many others.

Shiba Inu has recorded numerous listings and strategic adoptions as a payment method recently. The support of SHIB on the Binance Visa card would further increase the exposure of the dog-themed token. And Significant developments, such as the Shiba Eternity game, are also coming to complement the current growth of the Shiba Inu ecosystem.

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