Shiba Inu Holders Can Now Move SHIB Anonymously

Shiba Inu holders can now move Shiba Inu (SHIB) anonymously to any wallet using Bermuda Privacy DAPP.

Bermuda, a non-custodial privacy dApp recently announced its support for Shiba Inu. As per the announcement, users would now be able to transfer SHIB to other wallets, without disclosing their personal wallet address during the transfer process. This provides a level of privacy for users’ transactions.

Less than 24 hours until the #SHIBARMY can start trading $SHIB as a privacy coin!$BMDA @Shibtoken #privacy #crypto pic.twitter.com/rBOGkocIHL

— Bermuda ($BMDA) (@BermudaEth) January 26, 2023

Bermuda is a non-custodial, privacy-focused decentralized application (dApp) and protocol that allows users to make anonymous cryptocurrency payments. When a user makes a payment using Bermuda, the dApp replaces their real wallet address with a virtual address, keeping the user’s identity and transaction details private.

The Shiba Inu ecosystem continues to expand as more and more exchanges are adding their support for canine-themed cryptocurrency. As reported earlier by The Crypto Basic, BitGo, a California-based digital asset trust and security company, has added support for SHIB, allowing its users to securely store, send, and receive the popular canine-themed cryptocurrency on both custodial and hot wallets.

Formerly on January 20, Hotcoin Global, a Sydney-based cryptocurrency exchange, announced that it now allows users to purchase Shiba Inu and other popular cryptos using their credit or debit cards through Simplex integration.

Despite the recent announcements of support for Shiba Inu on various platforms and exchanges, the cryptocurrency appears to be struggling in terms of price. At the time of this report, SHIB is trading at a price of $0.00001152 and has seen a decrease of -1.32% over the past day. Additionally, the 24-hour trading volume for SHIB stands at $206,934,481 ($206.93M).