Shiba Inu Gets Listed On Binance Card, SHIB’s Utility Gets A Bump

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Shiba Inu (SHIB) has landed the support of the Binance Card, giving SHIB holders with Visa Card access to spend their tokens at over 60 million merchant outlets globally. The latest Binance Card support boosts the meme token’s utility and could drive significant adoption in Europe.

Binance’s Visa Card users can use their card anywhere Visa is accepted, irrespective of goods or services rendered. Holders can also use the card for online payment settlements.

The card allows for the real-time conversion of cryptocurrency to EUR and is spent directly from the funding wallet. This essentially means Binance’s Visa Card users have an instant crypto conversion tool in their pockets or purses.

After many reviews, many crypto influencers and enthusiasts have called the Binance Visa Card the “ultimate crypto card,” as it requires no issuance, signup, or annual fees. This ease of acquisition has been the most potent driving adoption force for the card among European residents.

Unveiling the Binance Card support, Shiba Inu tweeted:

“We are pleased to announce that @binance has added SHIB to the list of supported tokens for the Binance Card issued in Europe.

You can now pay with SHIB at 60+ million merchants worldwide. Furthermore, get up to 8% cashback and zero annual or FX fees!”

Key Shiba Inu Levels to Watch — August 5

News of the Binance Card listing from earlier today failed to get any rise out of Shiba Inu as the meme token maintained a quiet trading tone throughout the day.

SHIBUSD – 4-Hour Chart on Binance. Source: TradingView.

The cryptocurrency now heads into the weekend with a bullish tone over the week, bringing SHIB a few days away from closing its third-consecutive bullish weekly candle. That said, the meme tokens might not regain a bullish bias, except it secures a candle close above the trendline highlighted on my 4-hour chart. Let’s see how it plays out in the coming days for SHIB.

Meanwhile, my resistance levels are $0.0000120, $0.0000130, and $0.0000140, and my support levels are $0.0000110, $0.0000100, and $0.0000090.

Total Market Capitalization: $1.09 trillion

Shiba Inu Market Capitalization: $6.59 billion

Shiba Inu Dominance: 0.6%

Market Rank: #16

 

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.