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Shiba Inu payments acknowledged by Swiss-based MNC

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Fidinam Group, a multinational company based in Switzerland, is now taking Shiba Inu as a payment mechanism, according to @ShibaXanders, an admin of the Shiba Inu Venezuela community.

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Fidinam is said to have operations in Germany, Austria, Belgium, the United Kingdom, the United States, and Spain. Porsche Towson, Baltimore’s only private Porsche facility, has collaborated with cryptocurrency payment processor BitPay to accept digital assets, including SHIB token, according to a recent release.

BitPay started accepting the SHIB cryptocurrency in late 2021, allowing SHIB to be used at hundreds of BitPay merchants that accept the meme coin. SlingTV, the American Cancer Society, Newegg, Menufy, the Carolina Hurricanes, and Twitch are just a few of the prominent firms that currently accept SHIB via BitPay.

Endeavors of Shiba Inu

The SHIB trifecta, leash, and bone make their debut on SimpleHold, a lightweight wallet for Bitcoin, Ethereum, and a variety of other digital assets, letting users store and transfer leash and bone.

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In light of recent events, the Parex decentralised exchange announced on its Twitter account that it will start trading Shiba Inu on April 20, 2022. On April 20, the Parex exchange announced that it will begin accepting Shiba Inu deposits and trading on its platform. The meme token will be paired with USDT.

The platform differs from past exchanges in that it includes a PRX token that can be mined and is based on the Proof-of-Interoperability protocol. The latter allows PRX to link to a variety of different blockchains, including Ethereum, Polygon, Polkadot, and others.

Furthermore, the Dogecoin-killer was listed on VALR, a South African digital market, earlier this month. Aside from that, after a lengthy wait, the canine token SHIB was officially listed on the Robinhood trading app. The meme cryptocurrency Shiba Inu was listed by commission-free investment site Robinhood, according to a listing bot. The meme coin has already surfaced on the official website, even thoughthe fact that the firm has yet to properly introduce a new addition to its line-up.

Following the long-awaited listing by the famous Robinhood investment app earlier this month, SHIB has started gaining pace. For almost a week, SHIB has been the largest token by USD value among the top 100 ETH whales, and it has also been in the top ten most acquired coins. At the time of writing, Shiba Inu (SHIB) was priced at $0.00002496 and had plunged by 0.94% over the last 24 hours.

Shiba Inu gaits into Parex Exchange in a few hours

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The Parex decentralized exchange took to its Twitter handle to announce that it will begin trading Shiba Inu starting on 20 April 2022. Parex exchange stated two days ago that it will begin accepting Shiba Inu deposits and trading on its platform on April 20. USDT will be coupled with the meme token.

Earlier this month, it was revealed that the SHIB coin had been introduced to several other exchanges around the world. Parex, on the other hand, is a decentralized cryptocurrency exchange that helps make a unique debut for the meme coin. Decentralized platforms enable transactions to take place securely utilising peer-to-peer technology without the need for a third party to act as an intermediary.

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According to Bloomberg, the launch of Parex was announced on March 23. The DRC-16 protocol was used to launch it on the myDexChain network.

The platform is distinct from previous exchanges since it includes a mineable PRX token that operates on the Proof-of-Interoperability protocol. The latter allows PRX to connect to other blockchains such as Ethereum, Polygon, Polkadot, and many more. 

Robinhood joins forces with Shiba Inu through listing

VALR, a South African digital exchange, listed the Dogecoin-killer earlier this month. Aside from that, the canine token SHIB was finally listed on the Robinhood trading app, which had been a long time coming.

According to a listing bot, the meme cryptocurrency Shiba Inu had been listed by commission-free investment platform Robinhood. Even though the corporation has yet to formally unveil a new addition to its line-up, the meme coin has now appeared on the official website.

On April 12, Robinhood welcomed Shiba Inu, as well as three more prominent altcoins: Polygon’s MATIC, Compound (COMP), and Solana (SOL) (SOL).

In early 2018, Robinhood added functionality for cryptocurrency trading, initially for Bitcoin and Ethereum. In the same year, it added Litecoin, Ethereum Classic, Bitcoin Cash, and Dogecoin to the mix. Despite the fact that the crypto industry has grown by leaps and bounds since 2018, the firm has resisted adding new coins to its platform until now.

At the time of writing, Shiba Inu (SHIB) was trading at $0.00002531 and seemed bullish with an increase of 0.35% in the last 24 hours.

Welly’s to maximize efficacy for SHIB burn process

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Welly’s, the world’s first SHIB-themed restaurant, which is situated in Naples, Italy, announced its plans on Tuesday (April 5), including burning $SHIB every time someone purchases through the crypto payment process NOWPayments.

Due to expensive fees, the burger joint will use a gift card system, but the company claims that things will be much easier once Shibarium, a layer-2 solution, is implemented. However, Welly’s also accepts payments in the native SHIB token, and it aims to add functionality for rival meme coin Dogecoin (DOGE) in the future.

Mercury like franchise launch of Welly’s

The burger joint underwent a dramatic revamp in February, with Shiba Inu serving as the official mascot. The burger joint of Naples then stated that it was willing to grow internationally. The restaurant stated in a new blog post that the next premier outlet could open in early 2023.

The team is also putting in place “the most appropriate applications,” in anticipation of a “wildfire” of franchise openings in 2023. Welly claims to provide “healthy” fast food to its consumers, which is meant to set it apart from the likes of McDonald’s.

Furthermore, flagship store, ghost kitchen, and take-away are three separate business concepts in Welly’s vision, each of which is sustainable and adaptable to the franchiser’s needs and ideas. Each of the models will be fully supported and monitored by the main staff to ensure that the business runs smoothly. As a result, community members and prospective entrepreneurs will have three options to choose from.

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Welly’s 3D NFTs

Furthermore, Welly’s has dabbled in the non-fungible token arena as well. In late March, it introduced two new NFTs. The burger joint has claimed that there will be prizes and staking opportunities for holders of each NFT and that different NFTs picked by the community will be utilized for our marketing campaigns, Welly Meals, and on the packaging through challenges involving the community. To combat bots and “paper hands,” Welly has introduced a whitelist for purchasing NFTs.

In addition, the Shiba Inu team recently collaborated with fashion company John Richmond to develop an NFT collection. With the help of NOWPayments, John Richmond has also vowed to burn SHIB tokens. At the time of press, Shiba Inu (SHIB) was priced at 0.0000268 with a daily rise of 0.10%.

Binance offers $100,000 in SHIB tokens

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Binance, an eminent cryptocurrency exchange, has now turned to Shiba Inu (SHIB) to market its wallet. The platform touts itself as the easiest way to purchase, sell, trade, and hold SHIB.

Shiba Inu coin (SHIB) is a meme-based cryptocurrency that is named after the Shiba Inu dog breed. It was launched in 2020 as part of a collection of dog-themed cryptocurrencies by an anonymous developer named Ryoshi. It’s also known as “the doge-killer” because it’s a competitor to Elon Musk’s favorite meme coin, Dogecoin (DOGE). It’s meant to be an Ethereum-compatible counterpart to DOGE.

SHIB is an ERC-20 coin that is in the process of converting to a Proof of Stake settlement mechanism. ShibaSwap, a decentralised exchange, is at the heart of the SHIB ecosystem. It also funds an NFT art incubator, which invites dog-inspired artists from all around the world to enter the NFT market with their Shiba Inus.

The meme-coin began with a one-quadrillion-circulation supply, with its founder Ryoshi locking 50% of the token in Uniswap’s decentralised exchange to provide liquidity. Furthermore, the remaining 50% of the currency was transmitted to Ethereum co-founder Vitalik Buterin’s wallet, where the majority of it was burnt. The Shiba Inu cryptocurrency is traded on Binance under the symbol SHIB.

Binance rewards its users through different promotions

With SHIB, the exchange has introduced two promotional programs.

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Binance on Twitter

The first offer, dubbed “Promotion A” on Binance’s website, states that all new customers who enroll with Binance through their referral link will receive a share of $80,000 in Shiba Inu tokens between March 8th and March 21st, 11:59 PM (UTC).

The second promotion, titled “Promotion B,” requires participants to complete tasks to win SHIB vouchers. Users who register by clicking the [Register Now] button on the event page and trade at least 1,000 USDT equal across all applicable SHIB spot trading pairs will be qualified to win a share of the $20,000 prize money in SHIB token vouchers. However, the reward for Promotion B would be calculated accordingly;

The reward for each qualified user = (Each user’s total effective trading volume / All qualified users’ total effective trading volume) * $20,000 in SHIB token vouchers

Furthermore, the website stated a few terms and conditions to the give away. It stated that only users who finish KYC by the end of the activity session and press the [register now] button on this web page are eligible to win.

The Welcome Reward under Promotion A will be given immediately upon completing the registration. Tokens earned through Promotion A are the only ones that can be traded. It further added that within two weeks following the promotion’s completion, Promo B incentives will be distributed. At the time of writing, Shiba Inu (SHIB) was priced at $0.0000232 with a rise of 0.68% over the last 24 hours.

Shiba Inu themed restaurant set to expand worldwide

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Welly, a Shiba Inu-themed fast food restaurant in Naples, Italy, seeks to go worldwide. Welly took to Twitter to announce the ecstatic revelation, to the SHIBArmy.

The eatery claims it has had “hundreds” of requests to launch new franchises in the last week.

DOGGY DAO, a decentralized autonomous organization whose primary process is online since early December, allows the SHIB tribe to engage in the chain’s management. According to the Shiba Inu team, Welly’s is being pushed as a healthy meal option, thus setting itself apart from the big franchises like McDonald’s and Burger King.

In perspective, Shytoshi Kusama, the lead developer of the SHIB token, said,

“The Shib community can take part in the deployment of new stores through making choices in the DIGGY DAO, purchasing NFTs for exclusive benefits, or just enjoying good food and sharing our vision with those who still think we are just a meme.”

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Customers are allowed to obtain distinct benefits at the one-store diner, which will open in 2021, by using non-fungible tokens.

Shiba Inu’s first step into the real world

The restaurant, Welly, began in 2021 with the goal of delivering healthy quick food and adding value to their clients by paying close attention to them in addition to providing high-quality meals.

The restaurant’s team was interested in crypto, so they got to thinking about how to develop the business and devised a strategy to sell NFTs. However, this wasn’t sufficient.

The restaurant’s creators then began to consider the basics of crypto, namely decentralization, as well as how the SHIB network could be involved in the project. Consequently, the founders approached Shytoshi Kusama on the proposal, and a deal was struck. A decentralized fast-food restaurant was built after a significant collaboration featuring Shiba Inu’s lead developer Shytoshi Kusama.

The restaurant re-branded in little than a week, using the Shiba Inu dog as its official image, new packaging materials, and responding to emerging marketing methods.

With Welly’s expansion, the meme coin may begin to lose its status as a meme coin, which could lead to a price increase, but then only time will prove. At the time of writing, Shiba Inu (SHIB) was priced at $0.00003367 and was bullish with a hike of 21.47% over the last 24 hours.