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...

The use cases of Polygon have been on the rise. For instance, last week it was announced that the said blockchain was being used by police in an Indian state to fight against local corruption and crime. In fact, there have been a couple of more recent developments associated with the adoption of Polygon as well. A day back, Brazilian Fintech Bank Nubank announced the creation of the Nucoin token on the Polygon blockchain. The same has paved the path for a rewards program for the bank’s 70 million clients across Latin America.  Commenting on the said development, Sandeep Nailwal, co-founder of Polygon said in a statement, “One of the largest digital banking institutions in the world, offering its own cryptocurrency is a strong testament to the utility blockchain and crypto have to offer.”  Fernando Czapski—General Manager, Nucoin—said, “This project is another step ahead in our belief in the transformative potential of blockchain technology and to democ...