Canada-based Payment Gateway FCFPay To Incorporate “SHIB Burning Mechanism” Into Their Payment Gateway.
Canada-based Payment Gateway, FCFPay plans to contribute towards Shiba Inu (SHIB) burn by incorporating a “SHIB Burn Mechanism” into their payment gateway.
The decision comes after one of the members of the Shib Army started a campaign with the Title: “Let’s Get FCF Pay to Add SHIB Burn Option.” While launching a campaign, he tagged all the official Growth breed members of the Shiba Inu Community along with FCFPay in his tweet.
#SHIBARMY let's get @fcfpay to add a @Shibtoken burn option !! All they ask for is to see demand from the community 🙂 @GossipShib @shibainuart @army_shiba @scorchia_moon @j_squawk @SHIBAINUCRYPTON @ShibBender @_Lady_Crypto_ @ShibBPP @theshibdream let's get it !! https://t.co/e84bMmx9L1
— The Bus (@TheBus37643251) May 16, 2022
The campaign got viral on Twitter among SHIB Community, and finally, FCFPay listened to the voice of the Shib Army in no more than 24 hours.
FCFPay announced looking forward to incorporating the “SHIB Burning Mechanism” into their payment gateway. As per the announcement, the Canadian-based payment gateway is looking for the Sihb development team to get in touch so that SHIB Burning Mechanism can soon become live on their platform.
Our technology would allow you to effectively have your own payment gateway with an incorporated $SHIB burning mechanism.
We just need the Dev team to get in touch and it could be live in the very near future.#SHIBARMY do you want this?#shib #shibainu https://t.co/WuIIcru10j
— FCFPAY (@fcfpay) May 16, 2022
FCFPAY actually does have an automated buyback and burn mechanism, but for FCF Revenue Sharing Token. In FCFPAY’s automated buyback and burn mechanism, 1/3 of every transaction fee is burned, while another 1/3 is distributed as BNB dividends.
FCFPAY says they could also add a Shiba Inu burn option if there is sufficient demand.
Formerly on April 13, FCFPay added support for Shiba Inu, allowing merchants from across the world to accept SHIB in exchange for their services.
FCF Pay empowers cryptocurrency holders by allowing them to purchase goods and services through the world’s first viable fully-encrypted cryptocurrency payment gateway.
FCFPay currently supports ten major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), and Litecoin (LTC), Dogecoin (DOGE), Tether (USDT), and Stellar (XLM).
French Connection Finance powers FCFPay (FCF), a Canadian-based company with an official incorporated business license that allows cryptocurrency holders to use crypto as a currency when buying goods and services. At the same time, it offers an all-in-one solution to merchants through which they become able to accept both cryptocurrency and fiat payments.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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