The Shiba Inu foundation’s release of a crypto card is the major driver of the current 200 percent burn rate rise, which led in the burning of 144 million SHIB tokens during the previous day.
The number of coins burnt in the market increased by 65%, according to the Shiba Inu burn website. The SHIB Burn Visa Card was originally revealed on the Shib Burn Twitter account on July 25. Each time a user makes a payment, a tiny number of tokens will be burned.
Since the supply held by smaller investors is still too great and prevents the token from regaining any of its lost market value, Shiba Inu’s continual burning efforts remain one of the best and most efficient ways to help the cryptocurrency on the market.
Due to many strong rallies that may have brought the token back into the green, Shiba Inu (SHIB) has been actively competing for market dominance. Unfortunately, there was a lot of selling pressure on the memetoken, which led to a return of extremely low values.
Now you can accept salaries in Shiba Inu
Employers of SHIB holders may now offer them the choice of getting paid in SHIB. The NOWPayments gateway provides a Mass Payments platform for companies wanting to integrate SHIB salaries and other kinds of mass Shiba payments.
Businesses may simplify the process of sending crypto salaries and other types of bulk payments by using the mass payment tool.
A step-by-step explanation of how this can be done is explained by NOWPayment in a blog post. To transfer SHIB salary, businesses essentially simply need a SHIB address. In essence, companies may pay employees’ salaries if they have a SHIB address and the required quantity of SHIB in their wallets.
SHIB is currently trading at $0.00001053, with a 24-hour loss of 6.5%. The entire crypto market has been dragged into a bloodbath.