SHIB and Cardano Investors Attention: Binance Delivers the Good News!

There is good news from Binance for popular meme coin Shiba Inu (SHIB) and leading altcoin Ethereum rival Cardano (ADA). SHIB and ADA users can now enjoy 8% cashback on Binance Card purchases.

Good news for SHIB and ADA users from Binance Card!

Shiba Inu (SHIB), Cardano (ADA), and other Binance Card-supported crypto holders can now receive 8% cashback on purchases made with their tokens. Holders have the ability to use their tokens to shop and pay bills at more than 90 million Mastercard merchants worldwide, both in-store and online.

As you follow on Kriptokoin.com, Binance added XRP, SHIB and AVAX to the list of supported cryptocurrencies on Binance Card at the beginning of August. Fourteen cryptocurrencies are currently supported by Binance Card, including BUSD, USDT, USDC, BTC, BNB, ETH, ADA, DOT, SOL, MANA, SXP, XRP, SHIB, and AVAX. Late last month, Binance Card pilot started in Argentina as part of a partnership.

Ultra luxury UAE resort now accepts cryptocurrencies

According to a blog post, the ultra-luxury UAE resort Palazzo Versace Dubai now accepts crypto payments for meals, lodging, meetings, events and spa treatments.

Dubai’s top hotel, Jaddaf Waterfront, now offers its guests the option to pay in a variety of cryptocurrencies, including SHIB, BNB, BTC, and more, thanks to a partnership with Binance. The company will use the Binance gateway for these transactions.

Meanwhile, the UAE facility says the next step, online payment integration, will begin shortly. However, it will also accept cryptocurrency payments on e-commerce platforms that include gift certificates and flower shops. From luxury watchmakers like TAG Heuer, Hublot and Breitling to fashion brands like Gucci, payment acceptance of cryptocurrencies continues to increase.

SHIB burning decreased in September

By the end of the week, 272.2 million SHIB had gone to the burn wallet, Crypt Eye reported. Considering that the current token price is $0.000013, this figure is equivalent to $3,505. When we examine the graph of the last 30 days, we see that the SHIB burning process has slowed down a lot since the beginning of September. It has almost reached a plateau.

For example, nearly 13 billion SHIB were burned last summer, worth a total of $154,507. Here 3.6 billion SHIB went to a ‘dead’ address in August alone. In the quarter of the month only a quarter of a million SHIB went to the burn wallet. Given this pace of September, it’s likely to be two or more times worse than last month. Overall, the four addresses SHIB was sent to be burned have so far absorbed more than 41% of Shiba Inu’s total supply of 1 quadrillion SHIBs.

Current status of the Shiba Inu

Among other data from Crypt Eye, noteworthy is the steady growth in the number of SHIB holders currently holding 2.1 million wallets. The number of SHIBs held in wallets has recently reached the second million, when it increased by 129,000 in the last three months.

The project itself develops comprehensive and regular reports on what has already been achieved. So, last week we learned that another addition has been made to SHIB: the Metaverse team. In this context, he joined the project of Shiba Inu, a former producer of Netflix and Technicolor who worked on large-scale films such as Guardians of the Galaxy and Ant-Man.

Additionally, the community is waiting for the long-awaited Layer-2 protocol Shibarium to be released. According to the developers of Shiba Inu, the project will see the light of day in the third quarter of 2022.