Shiba Inu (SHIB) can now be used to shop at more than 150 top brands via the Crypto.com app.
Crypto.com, the world’s leading cryptocurrency exchange, has launched a shopping feature allowing users to purchase at over 150 renowned brands, including Apple, Ray-Ban, and Nike, using Shiba Inu and other popular cryptocurrencies.
In today’s announcement, Crypto.com revealed that shoppers can earn up to 10% back in Pay Rewards when they purchase through the Crypto.com App. This means that users will receive a portion of their spending for every transaction as a reward.
🛍️ 150+ top brands
🎁 Get up to 10% back in Pay Rewards
📱 Only in the https://t.co/vCNztATkNg App
Shop Now 👉 https://t.co/tgNmmRpxDf
*Available to US users only pic.twitter.com/4FABNWENML
— Crypto.com (@cryptocom) May 31, 2023
The exchange further noted that this feature is currently limited to users residing in the United States.
Crypto.com continues supporting Shiba Inu Ecosystem since it added support for Shiba Inu on October 5th, 2021.
In March last year, the Singapore-based cryptocurrency exchange added SHIB to its DeFi wallet. This move has enabled users to earn interest on their Shiba Inu holdings.
Crypto.com extended its support for Shiba Inu by launching a new trading pair, SHIB/BUSD, on its platform on August 22, 2022.
In November 2022, Crypto.com revealed that Shiba Inu accounts for nearly 20% of its reserve, equaling $558,152,612.17 ($558M) worth of SHIB. However, the exchange’s reserve for the canine-themed cryptocurrency reduced considerably in recent months. As of press time, Crypto.com holds $71,401,307 ($71M) worth of SHIB in its reserves.