Users can buy and sell Bitcoin as well as a range of other cryptocurrencies, including Dogecoin and Shib, at kiosks.
Support for Doge and Shiba
Bitcoin of America, a popular cryptocurrency ATM operator has added the same Shiba Inu (SHIB) cryptocurrency to its list of tradable cryptocurrencies.
According to reports, Bitcoin of America allowed support for Dogecoin, the world’s largest cryptocurrency, last month, causing the price of the prank coin to skyrocket.
ATMs that accept cryptocurrency can be comparable to traditional ATMs. They frequently charge double-digit fees, which are significantly higher than those charged by major bitcoin exchanges.
Despite the recent increase, Shiba Inu is still down 3% in the past 24 hours at press time. The Dogecoin competitor did not rise in response to the announcement. On the Binance platform, the SHIB cryptocurrency is currently trading at $0.00002587, down 70.01% from its all-time high.
Will Shiba Inu be resurrected?
A year ago, Bitcoin of America unveiled its Universal Kiosk, which combines the capabilities of a crypto ATM with those of a standard ATM. Customers can buy cryptocurrencies as soon as they withdraw cash from a universal kiosk using their debit card.
According to reports, Bitcoin of America operates 1,841 ATMs in the United States. After gaining FinCEN approval, Bitcoin of America maintains federal registration as a Money Services Company.
The emergence of the Shiba Inu is expected to greatly increase the popularity of the meme piece.
The cryptocurrency failed to gain traction in 2022 after becoming the top performer in 2021 and turning some early adopters into multi-millionaires.
Facts about SHIBA INU
Shiba Inu (SHIB) is an Ethereum-based cryptocurrency that seeks to be an Ethereum-based alternative to the popular Dogecoin (DOGE) coin. Unlike Bitcoin, which is designed to be limited, SHIB is designed to be plentiful, with a total supply of one quadrillion coins.
Decentralized exchange Shibaswap and art incubator NFT are both backed by the Shiba Inu Token ecosystem.
SHIB is a cryptocurrency that aims to be a Dogecoin (DOGE) compatible Ethereum replacement. SHIBA, like DOGE, is believed to be numerous, with an initial circulating quantity of one quadrillion coins.
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