Tuesday, February 7, 2023
HomeNewsBinance Argentina is now accepting SHIB for payments

Binance Argentina is now accepting SHIB for payments

Disclaimer: Here at 5minutecoins, we are providing our readers with pieces of information and details about the world of digital currencies and much more. This post is not provided to encourage you to invest, but to just give the recent and relevant details on the topic. We do not take any responsibility for your trading decisions.

  • Shiba Inu (SHIB) is still gaining popularity as Binance’s pilot card in Argentina currently began to accept it for purchase.

Shiba Inu accepted in Argentina for Binance prepaid card

SHIB accepted by Binance Card in Argentina
SHIB accepted by Binance Card in Argentina

Shiba Inu (SHIB) is now accepted by almost 90 million shops worldwide, according to a news report. This was made feasible since SHIB was added to the list of cryptocurrencies that Binance Argentina supports for its prepaid card. 

On their expenditures, users may receive up to 8% in cryptocurrency cashback. The card category determines the precise proportion. Early in August, Binance launched its prepaid card in Argentina in collaboration with banking and finance giant Mastercard. With the beta introduction of the product, it began testing the boundaries.

Numerous regional cryptocurrency exchanges, such as Lemon Cash, introduced their individual virtual currency card options the year before. All both offline and online businesses that accept Mastercard also accept the Binance card.

SHIB getting more retail acceptance 

Shiba Inu retail acceptance Credit: BTCC
Shiba Inu retail acceptance Credit: BTCC

In July 2020, Binance launched its card in the European Economic Area (EEA) in collaboration with international debit card issuer Swipe. Argentina was the first nation in Latin America to use such a card. At the moment of sale, the card transforms a sizable amount of digital currencies into fiat money. 


The inclusion of SHIB will probably accelerate the use of cryptocurrencies by merchants, according to various crypto analysts.  The most popular cryptocurrency form of payment of BitPay introduced support for the Shiba Inu coin in December. This led a lot more retailers to embrace the currency.

Ujan Chakraborty
Ujan Chakraborty
Nothing but Blue Skies.
RELATED ARTICLES

Most Popular

Recent Comments