As a major milestone for the Shiba Inu ecosystem, the team behind the influential crypto has released a new fiat-on-ramp service that would allow customers to buy BONE, the token of the Shibarium network, with Visa and Mastercard payments. Designed as a major strategic step in Shibarium adoption, this new service was developed jointly with Wert – a fiat-on-ramp solution. It is, however, unclear just how exactly Shiba Inu’s marketing lead Lucie plans to onboard 100,000 users into Shibarium through this initiative.
Simplifying Access to Shibarium
The release of the fiat-on-ramp service is therefore a strategic step in enhancing the ability to buy BONE and USDC on Shibarium. Before the existence of these tokens, users would have no choice but to undergo the seemingly strenuous process of token swapping or rely on centralized exchanges to obtain these tokens. This process could be daunting mostly because it was brand new to them and they were dealing with crypto currencies.
The main feature of this service is that users will be able to acquire BONE within the framework of the Shibarium platform simply and quickly, with the help of Visa or Mastercard. Speaking to X – formerly Twitter –, the company’s marketing lead, Lucie, elaborated this development’s effects stating, “Wert is onboarding so many features that will keep Shibarium open to anyone interested in it regardless of their experience with crypto.”
It is believed that by having this simplified structure Shibarium will attract more people to use it, which could lead to the demand, and therefore price, of BONE going up in the future. With the option to directly purchase with common payment methods, the SHIB team is going for the jugular by trying to make the Shibarium as accessible and interesting as possible.
Driving Adoption through Innovation
The Shiba Inu team is expected to benefit from the DAO initiative in its overall goal of promoting the use of the Shibarium network. The network itself has grown quite large, such that there are actually more than 1.821 thousand wallets and the total number of transactions more than 418 million 600 thousand. The Shiba Inu ecosystem team will expect these numbers to increase even further as it becomes easier for users to acquire BONE and USDC.
Shytoshi Kusama, the lead developer of Shiba Inu, underlined the significance of it during his speech at the Blockchain Futuristic Conference (BFC). He pointed out that increasing the feasibility of token purchases is one of the core concepts of strong future positioning for Shibarium network. “The one that has most excited Kusama is the capability to buy BONE using a credit card which is credited to its ecosystem,” “It makes it easier, and less intimidating to millions of prospective customers to engage it. ”
It could especially be crucial in the context of the rest of the cryptocurrency market where the usability of the corresponding asset can be a big driving factor. Shiba Inu is undoubtedly one of the pioneers that adopted fiat payment integration as a part of the native Shibarium ecosystem.
How to Purchase BONE on Shibarium
For the users who are planning to buy BONE through this newly developed service, everything can be done with ease. First, they have to go to the Shib, an official website of the Shiba Inu ecosystem created to support the project. Generate a new session on BSC io, and go to the “Buy $BONE with Card” option situated at the top right of the page.
A new window will pop up with the input field that allows to specify desired amount of BONE which can be purchased. It is also possible to exchange BONE and USDC by choosing the token in a drop-down list according to the needful. Upon typing in the desired amount, the users are required to provide Shibarium wallet address and the telephone number for the purpose of validation.
After the verification system is set, users can move forward to key in their credit card data. They must hold their BONE tokens ready for they will be deposited directly in the Shibarium wallet on the confirmation of this transaction. An additional 4% service charge is required for every purchase and will be described at checkout.
Although the support is limited to only BONE and USDC purchase at the moment, the Shiba Inu team has not provided information whether or not the tokens from the Shiba Inu ecosystem such as SHIB and LEASH will be included in the program in future. However, the launch of this fiat-on-ramp service is one way the team is showing their intentions of improving the user experience and building up the Shibariums.
End Note
The recent release of the fiat-on-ramp service which makes it easy to buy BONE is an exciting and proactive move in the ecosystem. The cooperation with Wert brings more people to buy Shibarium’s tokens, and due to this, the demand for BONE may also grow. This new project is the continuation of the ongoing work of Shiba Inu to advance its ecosystem and enhance usability in the constantly developing world of cryptocurrencies.
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