DeFI News by Thebittimes.Com

Shiba Inu adoption continues to grow. Right from top companies accepting SHIB payments to the macro-rise in the number of token HODLers, everything seems to be aligned for Shiba Inu. In fact, the latest development is suggestive of the same. On Tuesday, Binance announced that it has added Shiba Inu to the list of supported cryptocurrencies on Binance Pay. Apart from the #13th ranked crypto, support was extended to a bunch of other tokens as well. Chalking out the same, the official post noted, Binance has added ALPINE, APE, BIDR, BNX, BSW, CAKE, COTI, GALA, HIGH, PORTO, SANTOS, SFP, SHIB, USDT, and XNO to the list of supported cryptocurrencies on Binance Pay. Using Binance Pay, users can send and receive cryptos from mobile devices via email, phone number, Binance ID (UID), or Pay ID without incurring gas fees. Binance Pay now supports more than 70 cryptocurrencies that include the likes of large-cap tokens like Ethereum, Cardano, and Dogecoin. A host of merchants w...

Source: AdobeStock / helloabc China's digital yuan has processed over 100 billion yuan (close to $14 billion) worth of transactions so far, becoming the most widely adopted central bank digital currency (CBDC) across the globe.  The e-CNY has recorded $13.9 billion worth of transactions as of August 31, the People’s Bank of China said via a verified WeChat account on October 10. The post added that the transaction volume increased by around 21% in two months since June. The number of transactions made in 15 provinces within the CBDC pilot framework had reached 360 million by the end of the summer. Moreover, 5.6 million stores have already added support for the digital yuan as a legal tender. The post further added that some state institutions have also added support for the CBDC, using the e-CNY for a wide range of purposes, including tax refunds, medical insurance , and more.  “Multiple e-government service platforms have o...