Coin98, an all-in-one DeFi platform based in Vietnam, has recently announced the introduction of a new upgrade on the fiat on-ramp functionality in cooperation with a regulated financial institution, Simplex. Users may use this function to purchase Shiba Inu and more than 170 other cryptocurrencies using over 100 different fiats (using methods like VISA, Mastercard, and others).
The purpose of the upgrade is to attract new people to the crypto industry. To provide the whole cryptocurrency industry with a robust fiat infrastructure, Simplex is powered by Nuvei, a leader in global payments technology. On November 4, 2021, the platform began supporting SHIB.
Shiba Inu and more than 20 other cryptocurrencies are now available for purchase using fiat currency thanks to ACE Exchange’s partnership with Simplex, announced on October 21.
Coin98 gives its customers access to a non-custodial multi-chain wallet for storing NFTs and cryptocurrencies, as well as a native swap for moving thousands of tokens from one blockchain to another. The App presently works with more than 50 different blockchains, including Bitcoin, Ethereum, and many more. The App’s Cross-chain Bridge & DApp Browser also makes it simple and fast for users to connect to a wide variety of Dapps built on various blockchains.
The Shibburn website reports that the rate at which Shiba Inu’s are burned has climbed by 443 percent. However, in the previous 24 hours just 14,089,818 SHIB had been destroyed. Today, Shiba Inu (SHIB) has just hit a new intraday high of $0.00001283. It had been nearly six weeks since it had been this high. As interest turned to meme cryptocurrencies, the Shiba Inu cryptocurrency also rose for a second straight day.
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