- SHIB is gaining traction as, most recently, Binance has added the token to the list of the supported tokens for the Binance Card issued in Europe.
- This facilitates the payments made through the SHIB token at over 60 million merchants worldwide.
- Additionally, users will be getting up to 8% cashback and zero annual or FX fees; it couldn’t be any better.
In a recent announcement made by the popular crypto exchange platform Binance, the exchange has added SHIB, XRP, and AVAX, to the list of the coins it extends support to on the Binance Card. It will come into effect from 2022-08-05 at 07:00 (UTC).
SHIB also took it to their official Twitter handle to express their excitement about Binance adding the coin to the list of supported tokens for the Binance Card issued in Europe. It should be noted that the Binance Card will be made available to users residing in the EEA and Ukrainian refugees in the EEA country.
We are pleased to announce that @binance has added SHIB to the list of supported tokens for the Binance Card issued in Europe.— Shib (@Shibtoken) August 5, 2022
You can now pay with SHIB at 60+ million merchants worldwide. Furthermore, get up to 8% cashback and zero annual or FX fees!https://t.co/0Xj7IXPyt0 pic.twitter.com/FqINtnHFWx
Following the signup process, the users will be able to make payments to merchants with 14 supported cryptocurrencies, including SHIB, BTC, BUSD, ETH, DOT, PORTO, SXP, XRP, ADA, AVAX, BNB, LAZIO, USDT, and SANTOS.
Binance has clearly stated that users are required to possess at least six cryptocurrencies in their Payment Priority list that supports a maximum of 12 cryptocurrencies. As a result, the users will now be able to pay with their SHIB tokens at more than 60 million merchants worldwide. In addition to this, they will be getting up to 8% cashback and zero annual or FX fees.
Learning more about the Binance Card, it is issued by the licensed entity UAB “Finansinės paslaugos “Contis” and is distributed by Swipe. A user’s usage of the Binance Card is subject to the T&C mentioned in the Cardholder Agreement, which the user needs to go through.