It has been announced that the Shiba Inu ($SHB) cryptocurrency, which was inspired by a meme, has been integrated into Crypto.com’s decentralized finance (DeFi) wallet, allowing token holders of the $SHIB cryptocurrency to receive interest on their holdings.
The cryptocurrency SHIB has been introduced to the Crypto.com DeFi wallet, along with six other cryptocurrencies, including Aave ($AAVE), DAI ($DAI), Chainlink ($LINK), Terra ($LUNA), and others, according to a tweet provided by the firm.
New Polygon tokens added to the https://t.co/vCNztATSCO DeFi Wallet— Crypto.com (@cryptocom) March 14, 2022
✅Binance USD (#BUSD)
✅Klima DAO (#KLIMA)
✅Shiba Inu (#SHIB)
✅Terra (#LUNA) pic.twitter.com/6bRFZrm1id
The growing popularity of SHIB
The move by Crypto.com comes at a time when SHIB use is on the rise. Payments in SHIB and DOGE have been introduced to the website and mobile application of leading U.S. movie theatre chain AMC, which was made possible by cryptocurrency payments processor BitPay.
SHIB was recently added to Wirex, a prominent digital payments platform with over 4.5 million customers.
The meme-inspired cryptocurrency has been listed on top centralised cryptocurrency trading platforms, such as Coinbase and Binance, for quite some time now, and is expected to continue to do so.
Crypto.com is a prominent cryptocurrency exchange that now supports more than 250 currencies for spot trade, with a subset of those currencies also available for staking.
More than 10 million users from 90 countries use the exchange’s unique array of cryptocurrency-related financial products, which are available to them via a single login.
Crypto.com is widely regarded as one of the greatest platforms for active traders, particularly for those who like to use cryptocurrency as a real currency rather than only as a store of value.