Bitcoin of America, a leading BTC ATM operator in the United States, has announced the integration of Shiba Inu (SHIB) onto its platform. Shiba Inu joins Bitcoin, Litecoin, Dogecoin, and Ethereum, as part of the range of coins offered by the popular cryptocurrency ATM operator.
Bitcoin of America Adds Shiba Inu (SHIB)
According to the Monday press release, Shiba Inu (SHIB) is now available to be bought and sold by users at over 1,800 machines across 31 states. The announcement comes two weeks after Bitcoin of America added Dogecoin to its crypto ATM offerings.
Bitcoin of America cited the growing popularity of Shiba Inu as the reason for the inclusion of support for SHIB. Bitcoin of America is registered as a money services business with the United States Department of Treasury (FinCEN).
Crypto kiosks installed by Bitcoin of America offer cryptocurrencies in exchange for fiat money and vice versa. However, the related transaction fees can range from 6% to 20%, which is significantly higher than those charged on regular exchanges.
On the Flipside
- Unlike DOGE, the value of which jumped 20% after being added to Bitcoin of America ATMs, SHIB has continued on its downtrend, dropping 3% over the course of the last day.
The 24 hour price chart for Shiba Inu (SHIB). Source: Tradingview
Why You Should Care
The addition of Shiba Inu is expected to give the meme coin a major boost in adoption as the Shiba Army waits for the full deployment of the Shiba metaverse.