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Market News

Shiba Inu Unveils Fiat On-Ramp for Easy BONE, USDC Purchases

Shiba Inu's BONE price jumped 3% to $0.4326, while SHIB rose 2% after the new fiat on-ramp announcement.

Written By:
Ronak Kumar

Reviewed By:
Dhara Chavda

Last updated: August 14, 2024 1:34 PM
Published 2024-08-14
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Shiba Inu Unveils Fiat On-Ramp for Easy BONE, USDC Purchases

Shiba Inu has announced that it has integrated a new fiat on-ramp service that makes it easier for users to purchase BONE and USDC tokens. This new feature enables users to buy these tokens on the Shibarium network, which is Shiba Inu’s layer 2 scaling solution, using Visa or MasterCard.

The change is aimed at making the process as seamless as possible for both new and old users, without requiring them to go through complex swaps or having to understand Web3.

Shiba Inu Simplifies Token Purchases with New Fiat On-Ramp Service
Source: X

This is because Wert has been instrumental in ensuring that Shiba Inu users have a seamless and safe payment platform. Shiba Inu has made its ecosystem more open by enabling direct purchases using Visa and MasterCard, which will be convenient for new users.

Shiba Inu is expanding its ecosystem with exciting developments, including the integration of Bad Idea AI and the upcoming launch of the blockchain game Shiba Eternity on Shibarium. These innovations highlight the project’s commitment to growth and attracting more users.

After these announcements, the price of BONE rose more than 3% to $0.4326 and SHIB price also increased by 2%. This increase in price is complemented by a general market rebound after the US PPI inflation rate below expectations.

With these developments, Shiba Inu is aiming to become one of the key participants in the world of decentralized finance, allowing users to easily enter and enjoy the growth of the platform’s services.

Also Read: USDC Trading Volume Hits $135B in July: CCData Report

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Ronak Kumar- Crypto Journalist at The Crypto Times
By Ronak Kumar
Follow:
Ronak Kumar is a Crypto Journalist with over 3 years of experience covering blockchain, AI, finance, and emerging digital trends. With a background in Commerce (B.Com) and a Postgraduate Diploma in Management (PGDM), he combines business insight with a clear understanding of the evolving crypto space. His reporting has been featured in major publications, with his work cited by NDTV, Hindustan Times, and Outlook India on topics like Trump Memecoin, Bhutan’s crypto mining, and Barron Trump’s digital presence.
Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
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Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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