Shiba Inu (SHIB) is now accessible on Netcoins, an online cryptocurrency exchange that makes it simple for Canadians to buy, trade, and hodl cryptocurrency, according to a press release. Netcoins claims itself as Canada’s first fully regulated publicly owned cryptocurrency exchange platform.
Netcoins, a division of BIGG Digital Assets Inc, recently got clearance for an update to its constrained dealer license, allowing the platform to provide a wider range of coins. Shiba Inu, DOGE, MATIC, FTM, and MANA were among the five new coins added to the platform.
Netcoins obtained clearance for an amendment to its restricted dealer license on 24 March 2022, which was requested in late 2021 and will allow the platform to provide a wider range of coins. These five coins are the first in a series of coin enhancements that will be released in the following months.
Apart from the new additions, the cryptocurrency exchange also accepts Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), XRP (XRP), and Stellar (XLM). Netcoins, which was founded in 2014 and is based in Canada, presently services customers in Canada but is seeking to expand to the United States.
Shiba Inu, DOGE, MATIC, FTM, and MANA contributed 12 percent of daily revenue shortly after introduction, according to Mark Binns, Netcoins CEO.
Shiba Inu and its offspring introduced to online shopping
John Richmond, a leading apparel manufacturer, has taken another step further in Shiba Inu adoption by introducing SHIB and LEASH burns for its online store. Every purchase made using NOWPayments will result in the burning of 9% Shib and 1% Leash. The fashion brand tweeted, on 26 March 2022,
“More Partnershibs? Here we are coming in hot! We are proud to accept and burn SHIB and LEASH for our online shop at @Johmrichmond. 9% Shib & 1% Leash will be burned for every purchase through @NOWPayments_io.”
In a similar vein, three companies have joined the SHIB burning fad through NOWPayments. SHIB and Doge Killer (LEASH) are now being tested on the aforementioned platform’s burning gateway. Welly’s Italian burger company, John Richmond apparel brand, and Sorbillo’s pizza chain will use NOWPayments to burn a portion of their SHIB revenues.
The @shibburn tracker has announced on Twitter that a total of 7,703,474 SHIB tokens were burned in six transactions in the last 24 hours. Over 2,604,802,620 SHIB tokens have been burned in the last seven days, with 191 trades.
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