Bitcoin of America Adds Shiba Inu to Its Crypto ATMs

AnalysisBitcoin of America Adds Shiba Inu to Its Crypto...



Alex Dovbnya

Shiba Inu, the second-largest meme cryptocurrency, has been added to the popular ATM network after Dogecoin and Ethereum

Popular cryptocurrency ATM operator Bitcoin of America has added meme cryptocurrency Shiba Inu (SHIB) to the list of available cryptocurrencies, according to a Monday press release.    

The kiosks allow buying and selling Bitcoin as well as several altcoins, including Dogecoin.  

As reported by U.Today, Bitcoin of America enabled support for Dogecoin, the world’s largest meme cryptocurrency, last month, which led to a substantial increase in the price of the joke coin.

At press time, Shiba Inu is still down 3% over the past 24 hours despite the recent addition. The Dogecoin rival has failed to spike higher on the news. The SHIB token is currently down 70.01% from its record high, currently trading at $0.00002587 on the Binance exchange.

Cryptocurrency ATMs are similar to ordinary teller machines. They typically charge double-digit fees, which is significantly higher than popular cryptocurrency exchanges.       

A year ago, Bitcoin of America introduced its universal kiosk, which combines the features of a crypto ATM and a traditional ATM. Universal kiosks let customers buy crypto right after dispensing cash with their debit card.

Bitcoin of America operates 1,841 ATMs that are located all over the U.S, according to data provided by Coin ATM Radar. Bitcoin of America maintains a federal registration as a money services business after obtaining approval from the FinCEN.

The addition of Shiba Inu is expected to give the meme coin a major adoption boost. Last month, the token was also added to AMC’s lineup of supported cryptocurrencies.  

The cryptocurrency has been struggling to pick up some steam in 2022 after becoming the best performer in 2021 and turning early some early adopters into multi-millionaires.



Learn more

Latest news

First Mover Asia: Cryptos Rise, Even as Stocks Falter; Token2049 Conference Signals Singapore’s Resurgence as a Crypto Hub

More than 7,000 people representing over 2,000 companies are scheduled to attend; Hong Kong plays catch-up. Bitcoin rises...

Charles Hoskinson Says It’s “Crime” for Ethereum Community to Discuss Cardano

Alex Dovbnya Input Output's Charles Hoskinson started another heated debate with Ethereum community on Twitter Input Output CEO Charles Hoskinson...

LUNC Price Skyrockets 25% in 5 Minutes as Binance Announces Major Update on Burning

Gamza Khanzadaev Major crypto exchange provides incredible update on burning mechanism of LUNC As we have just learned, Binance, one of...

Twitter whistleblower has likely sparked FTC probe: experts

Whistleblower Peiter “Mudge” Zatko’s explosive accusations about security concerns at Twitter are almost certain to have sparked a...

FTX Wins Bid to Buy Voyager Digital's Assets

FTX US's bid is valued at approximately $1.422 billion, according to a Voyager press release late Monday Eastern...

IOTA to Feature New Token as Price Spikes with 900% Volume Inflow

The IOTA (MIOTA) price is seeing modest gains against the backdrop of the other crypto assets, which are recording...

Must read

Charles Hoskinson Says It’s “Crime” for Ethereum Community to Discuss Cardano

Alex Dovbnya Input Output's Charles Hoskinson started another heated...

LUNC Price Skyrockets 25% in 5 Minutes as Binance Announces Major Update on Burning

Gamza Khanzadaev Major crypto exchange provides incredible update on...

You might also likeRELATED
Recommended to you