You have been waiting for this moment: The crypto markets are up, your fav token Shib is having a wild party. After all those months of HODLing, the question pops up: Why not, like good investors, splurge a part of those crypto profits on things you have always wanted to buy?
Are you already wincing, thinking of the pain of conversion and reconversion, the offramping troubles that await you when you attempt to channel your crypto profits into buying real-world things? This SHIB partnership is tailor-made for you.
But we got this! Did you know that Shib is on Binance Pay? And it opens up oodles of possibilities – and tons of convenience – when you plan to buy something with SHIB. Shop, travel, gift … paying in Shib via Binance Pay is probably that magic wallet option you were looking for!
So what is Binance Pay and how do you use it?
The payment service from Binance is the result of the company’s vision of promoting the freedom of money through crypto. In real-world parlance, what it does is act as a bridge to help you pay for things and services with crypto – just like you would pay with your wallet and fiat, or digital currencies.
The payment service from Binance comes loaded with the convenience of paying in multiple tokens – more than 80 of them! Now, here is the coolest thing about this: There is zero, yes, zero, gas fees when you spend your SHIB using Binance Pay. If that was something that held you back from spending crypto in the brick-and-mortar world, go get your Binance account now. And start using Binance Pay!
Shib users have already taken note, pushing it to the ranks of top tokens in volume on the payment wallet.
Go here for a detailed overview of Binance Pay.
The number of Binance Pay transactions made in SHIB grew >30% YoY from 2022 to 2023.
SHIB was in the top 6 most popular Binance Pay transaction currencies by transaction count in 2022 & 2023.
The convenience offered by Binance Pay helped it rack up remarkable growth last year when crypto was still struggling to come out of the crypto winter.
Recently, Binance Pay has focused on user-friendly innovation, seamlessly integrating crypto payments into daily transactions through initiatives such as DeFi wallet integrations and diverse industry partnerships.
Users can use it to send, receive, and pay with crypto seamlessly.
● Users’ choice to pay with >80 tokens
● NO gas fees (vs on-chain crypto payments)
● Instant payment settlement
● Seamless UI/UX: Scan QR to pay, in-app payments
● Dedicated customer support
● Secure and safe
The Binance Pay Advantage
Binance Pay is a contactless, borderless, and secure cryptocurrency payment technology. It facilitates seamless and instant payments using digital currencies. And it unlocks crypto payments to help with wider crypto adoption.
And that dovetails perfectly with Shiba Inu’s commitment to our loyal holders who have helped us grow to where we are now and give us the confidence to build more and more use cases for SHIB.
“We’re really excited to give the vibrant SHIB community more practical ways to use their favorite token,” Jonathan Lim, Global Head of Binance Pay, told The Shib. “Binance Pay is all about making crypto payments straightforward and accessible for everyone, and our partnership with SHIB exemplifies just that. It’s been amazing to receive such warm reception from the SHIB community over the years, and it fires us up to keep finding new ways to bring even more value and utility to everyone in the future.”
Binance Pay is both available as a mobile app and as a payment option during online purchase checkouts. Using it is as simple as scanning the QR code at the shop counter and selecting SHIB from the choice of tokens.
And Binance Pay offers cool benefits when you spend your SHIB using the wallet.
Well, no better place to grab those deals than the Binance Marketplace! Let’s take a minute to highlight some of those for you here.
Binance Marketplace, for the uninitiated, is a one-stop shop for a wide range of products and services — all within the Binance app. It offers everything from digital gift cards to electronics, fashion, and more. The marketplace is also ever-growing, with Binance constantly adding new merchants and services. So, keep checking back. If there is something that you want to buy with SHIB that is not there now, it could be there tomorrow!
It just rains benefits on Binance Marketplace: There are special deals and discounts exclusive to Binance Marketplace users; you can earn token rewards and cashback on your purchases. And you can benefit from the security and trust offered by Binance.
Don’t forget to buy those digital gift cards, whether it’s for a friend or for yourself. These gift cards open up a whole new world of shopping opportunities. Go here and here to check out the gift card offers.
And go here to get the full idea of a world of opportunities that SHIB’s partnership with Binance Pay brings you.
