Binance Pay, Binance’s payment service, has announced a new partnership. As a result of the partnership, more use cases have emerged for coins such as Shiba Inu (SHIB), DOGE, ADA. Here are the details…
SHIB and the possibility of paying with these coins have expanded
Smart contract platform Cardano (ADA), Polkadot (DOT), and Shiba Inu (SHIB) are now available as a popular Dubai payment method, along with several other cryptocurrencies. According to a recent announcement, prospective and current students at Canadian University Dubai (CUD) can now use Binance Pay to pay for their tuition fees, meaning they can use Binance’s cryptocurrency-focused payment solution that supports over 70 cryptoassets. income.
#Binance helps bring crypto to @CUDUAE, a leading university in Dubai.
Prospective and current students can now pay their fees, including tuition fees, with crypto.
Powered by Binance Pay. pic.twitter.com/bqWuezZVKJ
— Binance (@binance) February 9, 2023
These crypto assets include major projects like BTC and ETH, but also meme coins like SHIB and DOGE, as well as ADA, DOT, BCH, AVAX, LTC, MATIC and more. It is worth noting that the university is among the top ranked in Dubai. In November of last year, Binance added meme coins-inspired cryptocurrency SHIB to Binance Pay, as well as a host of other assets such as PancakeSwap’s CAKE, football fan token PORTO, and Tether’s USDT. added.
Shiba Inu is also in the focus of whales
As we reported on cryptokoin.com, both Cardano and Shiba Inu have seen the number of large whale transactions on their networks increase “historically associated with price changes”. These cryptocurrency networks have experienced “big whale transactions” with transactions exceeding $100,000 last seen months ago for all three cryptoassets.
These massive whale transactions took place amid a broader cryptocurrency market recovery. Bitcoin (BTC), the largest cryptocurrency, hit its best January of a decade after rising over 40 percent in just one month. Notably, Cardano’s total value locked in decentralized finance has more than doubled so far this year, with $100 million worth of ADA currently locked in DeFi protocols on the network.
The total value locked in the Cardano network started 2023 with around $49 million and has since increased to close to $104 million. The increase can be partly attributed to Cardano’s price, as the cryptocurrency went from around $0.25 at the start of the year to the current $0.39. As for the Shiba Inu, the cryptocurrency is seeing heavy accumulation among Ethereum (ETH) whales. Impressive numbers position SHIB as the largest holding among Ethereum whales.
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