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SHIB Steps into the Spotlight with Exclusive Page on Binance Pay

Exciting news for Shiba Inu enthusiasts – Binance Pay has unveiled a dedicated page for SHIB payments, making transactions easier and more convenient. This move signifies Binance Pay’s continuous effort to integrate cryptocurrencies seamlessly into everyday transactions, benefitting both businesses and individuals.

Discover the New Shiba Inu Payment Page on Binance Pay

According to ‘The Shib Daily,’ the newly launched page is aimed at simplifying the process of accepting SHIB payments, highlighting Binance Pay’s commitment to enhancing the practicality of cryptocurrencies. With support for over 80 tokens, including SHIB, Binance Pay offers users a secure and user-friendly platform to manage their crypto assets.

One standout feature of using SHIB through Binance Pay is the absence of gas fees, a significant hurdle for crypto spending in the past. By removing these fees, Binance Pay has increased the transaction volume of Shiba Inu, establishing it as one of the top tokens on the platform.

The ‘fee-free’ environment encourages more diverse and frequent transactions, positioning SHIB as an attractive option for consumers and merchants alike. In addition to facilitating payments, Binance Pay offers access to the Binance Marketplace, where users can shop for a range of products and services using Shiba Inu.

The marketplace stands out for its exclusive deals, discounts, and token rewards, providing additional benefits to SHIB holders. This integration elevates the practicality of SHIB, transforming it from a speculative asset into a viable medium of exchange.

Furthermore, the inclusion of Shiba Inu in Binance Pay aligns with the platform’s broader vision of expanding cryptocurrency utility in everyday life. Concurrently, the price of SHIB saw a notable increase amidst the broader market uptrend today.

Notable Increase in SHIB Price

Shiba Inu’s price recently surpassed the $0.000025 threshold, a critical level for a potential bullish trend. As of Thursday, May 16, the SHIB price rose by 5.46% to reach $0.00002543, with a market capitalization of $14.98 billion. The 24-hour trading volume for SHIB surged by 28.81% to $1.17 billion.

Additionally, Shiba Inu reached a peak of $0.00002577, and the SHIB futures open interest grew by 10.34% to $78.04 million, indicating continued interest from derivatives traders, as per Coinglass. Notably, significant short liquidations of $329.42K were observed in the past 24 hours, signaling a potential rise in SHIB value as short traders may buy back their positions.

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