Shiba Inu, the widely recognized cryptocurrency ecosystem, has recently launched a new fiat-on-ramp service, making it easier for users to purchase BONE, the native token of Shibarium, with traditional payment methods. This new service, introduced in collaboration with the fiat-on-ramp provider Wert, allows users to buy BONE directly using Visa and Mastercard credit cards. The development, announced by Shiba Inu’s marketing lead Lucie, signifies a significant step in simplifying access to the Shibarium network, which has already garnered over 1.81 million wallet addresses.
Simplifying Token Purchases with Fiat
The introduction of the fiat-on-ramp service marks a substantial shift in how users can interact with Shibarium. Before this development, acquiring BONE tokens required navigating complex processes such as bridging tokens or using centralized exchanges, which could be daunting for newcomers. With the new service, users can now purchase BONE and USDC directly from the Shibarium platform by simply entering their payment details and completing the transaction in a few clicks.
Lucie, Shiba Inu’s marketing lead, highlighted the ease of this new process in a recent post on X (formerly Twitter), stating, “This collaboration with Wert removes the barriers to entry, making Shibarium accessible to everyone, regardless of their experience with cryptocurrencies.” This user-friendly approach is expected to encourage more people to participate in the Shibarium ecosystem, potentially increasing the adoption and value of the BONE token over time.
Driving Adoption and Growth
The primary goal behind launching this service is to drive the adoption of the Shibarium network. As of now, the Shibarium network boasts over 1.81 million wallet addresses and a total transaction count of 418.05 million. By simplifying the process of purchasing BONE and USDC, the Shiba Inu team aims to increase these numbers further.
The integration of a fiat-on-ramp service not only enhances user experience but also positions Shibarium as a more accessible platform for both seasoned investors and newcomers to the crypto space. Shiba Inu’s lead developer, Shytoshi Kusama, emphasized the importance of this development during his presentation at the Blockchain Futuristic Conference (BFC), noting that such innovations are crucial for the long-term success and sustainability of the Shibarium network.
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“The ability to purchase tokens directly with a credit card is a game-changer for our ecosystem,” Kusama stated, underscoring the strategic importance of this initiative in driving user engagement and expanding the network’s reach. This move is particularly significant as it eliminates the need for users to navigate complex processes, making Shibarium more appealing to a broader audience.
Step-by-Step Guide to Purchasing BONE
For users interested in purchasing BONE on Shibarium using this new service, the process is straightforward. First, visit the official Shiba Inu ecosystem website, Shib.io, and click on the “Buy $BONE with Card” option at the top right corner of the screen. A new window will appear, prompting users to enter the amount of BONE they wish to purchase. Users can also choose to purchase USDC by selecting it from the dropdown menu in this window.
After selecting the preferred token and entering the desired amount, users need to input their Shibarium wallet address and mobile number for verification. Once the verification code is received and entered, users can proceed to provide their credit card details. Upon confirmation, the purchased BONE tokens will be sent directly to the user’s Shibarium wallet. It’s important to note that a service fee of 4% applies to each transaction, which will be deducted from the total transaction amount.
While the current service only supports BONE and USDC purchases, the Shiba Inu team has not yet revealed whether they plan to extend this service to include other ecosystem tokens like SHIB and LEASH. However, the ease of purchasing these tokens using familiar payment methods is expected to contribute significantly to the overall growth of the Shibarium network.
A Quick Wrap Up on the Launch of Fiat-on-ramp Service
The launch of the fiat-on-ramp service for BONE purchases on Shibarium marks a positive development in the Shiba Inu ecosystem. By partnering with Wert, Shiba Inu has made it easier for users to access and invest in the Shibarium network, driving adoption and potentially increasing the value of the BONE token. This initiative reflects Shiba Inu’s commitment to enhancing user experience and expanding its ecosystem, making it more accessible to a wider audience. As the network continues to grow, the introduction of more user-friendly services like this could be pivotal in shaping the future of the Shiba Inu ecosystem. Keep following TheBITJournal and keep an eye on the new updates of Fiat-on-ramp service.
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