DODO, an innovative algorithm-driven and decentralized trading platform, recently announced that it has successfully integrated Alchemy Pay’s on and off-ramp solution onto its platform. This integration will allow DODO users to seamlessly purchase Shiba Inu (SHIB) as well as several other supported crypto assets with fiat currencies.
.@BreederDodo has launched #AlchemyPay’s On & Off Ramp Solution on its platform for users to facilitate convenient onboarding and offboarding from fiat to crypto and vice versa.
Read more here: https://t.co/9Mt78eDc4O$ACH pic.twitter.com/hNJAzqDQ1R
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) April 6, 2023
Moreover, this development presents DODO users with the added advantage of being able to sell their Shiba Inu and other crypto holdings while seamlessly remitting the proceeds to their bank accounts in more than 50 fiat currencies.
The payment gateway offered by Alchemy Pay is a versatile platform that accommodates multiple payment methods. This allows users from 173 countries to conveniently purchase cryptocurrencies such as Shiba Inu using their local fiat currency. Visa and Mastercard, as well as regional mobile wallets and domestic transfers, are among the payment methods available.
Shiba Inu’s Growing AdoptionÂ
The latest development comes amidst Shiba Inu’s growing adoption rate across several mainstream industries. Most recently, Binance Pay disclosed that it had partnered with CityPay to enable users pay for reservations at Radisson Hotel in Georgia.
In addition, Travala, a blockchain-based travel booking platform, introduced an affiliate program for Shiba Inu proponents, offering up to 5.5% commission for every booking made through their unique affiliate links.
Amid these developments, the Shiba Inu burn initiative remains on track. Notably, Cult Punks, a pioneering non-fungible token (NFT) collection on the Modulus network, has promised to use 2% of the revenue generated from NFT sales to buyback and burn Shiba Inu tokens.Â
The move is an attempt at reducing the circulating supply of SHIB, thereby bolstering its price action. The project also promised to allocate 1% of its earnings to support Shiba Inu leader Shytoshi Kusama’s women empowerment fund.
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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