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Shiba inuThe team at (CRYPTO: SHIB) decided to step up their game even further after recently seeing huge payouts exceeding Dogecoin (CRYPTO: DOGE).
What happened: In a thursday Tweeter, The Shiba Inu team announced that it has partnered with the crypto payment processor NOWPayments to enable its SHIB, LEASH and BONE tokens to be accepted as a payment method.
In addition, a percentage of each transaction will be burned, permanently decreasing the supply of tokens. It is not known what exact percentage of the tokens involved in NOWPayments transactions will be destroyed.
See also: IS SHIBA INU (SHIB) A GOOD INVESTMENT?
The announcement follows the crypto influencer CryptosRU recognizing it as a superior alternative to Dogecoin due to the abundance of use cases and the way the coin was distributed. He said that a quadrillion Shiba Inu coins had been created, that his team members were to buy it like everyone else, and that half of the supply was given to Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin, who destroyed most of his possessions.
While Dogecoin continues to be a ‘pure memecoin’ that can only perform basic transactions, Shiba Inu is already powering its own decentralized exchange (DEX) and his team is planning to launch a dedicated Ethereum scalability network.
To put it simply, while Dogecoin is all about improving its transactional capabilities, Shiba Inu has joined the DeFi hype, launched its non-fungible token (NFT) initiative, and has now joined a crypto payment network.
SHIB price action: According to data from CoinMarketCap, at the time of publication on Friday morning, Shiba Inu was trading at $ 0.00002633 after losing around 8.70% of its value.
Image: Shiba Inu; Doge image by Ishwar Artist from Pixabay
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