• Shiba Inu launches a fiat-on-ramp service, allowing users to purchase USDC and BONE tokens directly using Visa or Mastercard, simplifying access to Shibarium and boosting overall ecosystem adoption.
  • The Shiba Inu ecosystem continues to evolve with the integration of Bad Idea AI as an official AI partner and the upcoming release of Shiba Eternity.

Shiba Inu launched a fiat-on-ramp service to boost user accessibility for the purchase of USDC and BONE tokens. This new service will allow users to make purchases directly using Mastercard or Visa while eliminating the need for intermediary exchanges, thereby boosting the overall adoption of the SHIB ecosystem.

Furthermore, as part of the fiat-on-ramp services, users will also be able to make their purchases directly from the Shibarium chain, Shiba Inu’s Layer-2 scalability platform. This recent development aligns with Shiba Inu’s strategy of expanding its ecosystem while creating more opportunities for users, as reported by CNF. The team also believes that this approach will increase token acquisitions while encouraging wallet creation and fostering strong connections within the SHIB community.

Shiba Inu’s collaboration with Wert will play a crucial role in the success of this new fiat-on-ramp service. Wert’s expertise in the financial services industry will ensure seamless integration, making it easy for both novice and experienced users to buy new tokens.

This partnership seeks to eliminate the obstacles that typically deter potential investors from entering the crypto space, thereby boosting the adoption of the Shibarium platform.

SHIB has launched a fiat on-ramp service, allowing users to buy $BONE and $USDC with Visa or MasterCard, thanks to a partnership with fintech company @wert_io

This service simplifies access to Shibarium by enabling direct token purchases without the need for complex exchanges… pic.twitter.com/d9xWUCKndj

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) August 13, 2024

Boosting User Adoption for Shiba Inu

The primary goal behind this service is to make acquiring USDC and BONE as simple as possible. With direct purchases facilitated through the world’s top two payment processors, Shiba Inu will help significantly boost the use and demand for its tokens. This approach will help bring more users into the ecosystem while increasing community management and overall user participation.

In addition to launching the fiat on-ramp service, the Shiba Inu ecosystem continues to evolve. Integrating Bad Idea AI as an official AI partner on the Shibarium platform highlights the project’s focus on innovation. Moreover, the upcoming release of Shiba Eternity on Shibarium will introduce blockchain gaming to the community, expanding the ecosystem’s reach and appeal, reported CNF.

Following yesterday’s announcement, the Shiba Inu price surged by 3%, reaching $0.0000140. The SHIB price has seen some retracement thereafter; however, the surge in whale activity is a positive development,  reported CNF. On the other hand, the BONE token price also surged over 3%, reaching $0.4326.