NOWpayments Can Now Accept SHIB For Fiat Directly Through This Feature

July 12, 2022 - Around 2 mins mins to read

NOWpayments, the Shiba Inu-friendly crypto payments processor, continues to increase support for the meme cryptocurrency.

This time, in cooperation with Switchere crypto exchange, NOWPayments has created an auto-conversion option that would enable its merchants to convert their SHIB coins for fiat straight without any intermediary transactions.

NOWpayments Can Now Accept SHIB for Fiat Directly Through This Feature

Hey, #SHIBARMY, another episode of The PartnerSHIB Saga is out????

One more $SHIB use case:
Direct fiat withdrawals for @Shibtoken are available NOW ????

To celebrate this WOOF news, we prepared a new article ????@shibainuart @ShytoshiKusama @Switchere_com https://t.co/fCHBPyETeb
— NOWPayments (@NOWPayments_io) July 11, 2022

Since May, businesses using NOWPayments can now accept SHIB bundled on the BNB Chain. The noncustodial cryptocurrency payments processor implemented a function earlier in 2022 that allows companies to burn a portion of the money they get in Doge Killer (LEASH) or Shiba Inu (SHIB).

Shiba Inu owners now number over 1.2 million – NOWpayments

The number of Shiba Inu owners has surpassed 1.2 million. There are 1,200,301 Shiba Inu owners, according to WhaleStats. An examination of the top 100 Shiba Inu holders reveals that they control 23.61 percent of the average SHIB balance, an increase in average SHIB value of 15.29 percent, and a rise in netflow of 110 percent.

JUST IN: $SHIB @Shibtoken is back on top 10 by trading volume among 5000 biggest #ETH whales in the last 24hrs ????

Peep the top 100 whales here: https://t.co/kOhHps8XBB

(and hodl $BBW to see data for the top 5000!)#SHIB #whalestats #babywhale #BBW pic.twitter.com/k8b6SxnwEo
— WhaleStats (tracking crypto whales) (@WhaleStats) July 12, 2022

This occurs as Shiba Inu ranks among the top 10 most popular items purchased as well as the 5,000 largest ETH whales in trading volume over the past 24 hours. Among the top 2,000 ETH whales during the past 24 hours, Shiba Inu was one of the smart contracts that were used the most.

JUST IN: $COMP @compoundfinance now on top 10 purchased tokens among 5000 biggest #ETH whales in the last 24hrs ????

We've also got #FTX Token, $SHIB, $AMP, $LINK & $PERP on the list ????

Whale leaderboard: https://t.co/kOhHps8XBB #COMP #whalestats #babywhale #BBW pic.twitter.com/6ibJb7HVwl
— WhaleStats (tracking crypto whales) (@WhaleStats) July 12, 2022

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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