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- Bitcoin of America, a well liked Bitcoin operator has added support for Shiba Inu, the meme inspired cryptocurrency in its more than 1,800 machines.
- This move by Bitcoin of America came just after it added support for its contending meme inspired crypto asset Dogecoin.
- As of this writing, Bitcoin was trading at a market price of $44,913.8, bearish by 3.74% in previous 24 hours.
Bitcoin ATMs Now Supports Shiba Inu
Bitcoin of America, a prominent Bitcoin ATM operator has added support for meme-coin Shiba Inu on its more than 1,800 machines operating across all over the US. This step enables users to acquire and sell Shiba Inu at its locations.
As per the information shared by Bitcoin of America, Shiba Inu is now accessible in more than 1,800 of its Bitcoin ATMs, which also backs other top crypto assets such as, Litecoin, Bitcoin, and Ethereum. The organization has kept upgrading its machines after releasing what it calls a Universal Kiosk.
It adds, Universal Kiosk is a machine integrating conventional ATM operations with Bitcoin ATM operations, meaning users cannot withdraw their funds from their debit cards via these kiosks, while also being able to acquire and sell crypto assets.
Bitcoin ATM moves came just after Bitcoin of America included support for its rival meme inspired crypto asset Dogecoin, as it appears that it is aggressively extending total cryptocurrencies being supported.
Community members of Shiba Inu have remarkably already given affirmation that crypto asset support is live. It comes as more businesses committed to actively take part in burn, at a time when Shiba is “burning” in higher flames.
Also Read: Are you excited for the upcoming Shiba Inu metaverse – Shiberse!
Shiba Flames Will Go Higher
Burning attempts are expected to soar in future after crypto asset payment processor NOWpaments released a latest feature enabling merchants to choose to utilize an element of their profits to burn Shiba.
As per a report by a news website, team behind Shiba Inu recently released a token burning portal which is ready to assist digital asset’s community burn tokens in an attempt to lower its circulating supply.
Burn portal is all prepared to make it simpler for platform’s users to routinely burn SHIB, effectively lowering its circulating supply.
Burning of tokens is a well-liked phenomenon in crypto sector, as with demand remaining stable or supply and rising being burned, a token’s value tends to elevate as it is effectively deflationary.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
