tl;dr
Shiba Inu has been integrated into ATMs in Australia, allowing users to buy SHIB at over 160 ATM locations. This significant development comes as Shiba Inu continues to gain investor support and sees a significant uptick in usage and market cap surge. Prominent investor Mario Nafwal has anno...
Shiba Inu has been integrated into ATMs in Australia, allowing users to buy SHIB at over 160 ATM locations. This significant development comes as Shiba Inu continues to gain investor support and sees a significant uptick in usage and market cap surge. Prominent investor Mario Nafwal has announced his support for the project, marking a change in the tide for the meme coin which spent much of 2023 suffering dips and crashes. Shiba Inu has been gaining ground among crypto investors worldwide and the recent milestones in price, as well as other metrics, have been a testament to that fact. The latest development that is bringing SHIB closer to users is an integration that will make the meme coin available in ATMs around Australia.
LocalCoin, a crypto ATM company in Australia, announced a new integration with Shiba Inu. According to the announcement, users all around the country are now able to buy SHIB, in addition to Bitcoin and Tether’s USDT, at all of its ATM locations. This integration is significant given the fact that LocalCoin boasts over 150 ATMs around the country. As the announcement posted on X (formerly Twitter) states, these services are now available to users at the more than 160 ATM locations that LocalCoin currently operates. By allowing users to purchase SHIB using ATM machines, the company has made it one step easier for investors looking to get into the asset and cryptocurrencies in general. The ATMs are spread out in major locations across the country, including Queensland, New South Wales, Victoria, South Australia, Western Australia, and the Australian Capital Territory.
In what is shaping up to be a bullish week for Shiba Inu, it has secured support from Mario Nafwal, one of the most prominent crypto investors on X (formerly Twitter). In his post announcing his decision to back the team, Nafwal admits that he initially did not look toward investing in meme coins. However, the crypto investor states that as projects such as Shiba Inu have begun to create more utility, moving away from the pure meme narrative, his stance has begun to change. In the same post, he announced that he has partnered with K9 Finance, a Shiba Inu-backed project that was recently launched. To commemorate the event, Nafwal hosted an X Space with Shiba Inu lead developer Shytoshi Kusama as a guest. This appearance would mark the second time ever in the history of the Shiba Inu project where the lead developer would be speaking publicly. With these bullish developments and SHIB seeing a significant uptick in usage, it points to a change in the tide for the meme coin which spent the most of 2023 suffering dips and crashes. It has already made its way back into the top 10 cryptocurrencies by market cap, after a 400% market rally saw its market cap surge above $19 billion.
Shiba Inu price chart from Tradingview.com SHIB price at $0.000032 | Source: SHIBUSDT on Tradingview.comhttp://Tradingview.com Featured image from Swyftx Learn, chart from Tradingview.com
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.