NOWPayments has recently published exciting WOOF News for the Shiba Inu Community. The cryptocurrency payment gateway announced on Twitter that it now accepts fiat withdrawals for shib. As a result, customers will pay merchants in SHIB, and merchants will be able to exchange shib for fiat.
Merchants would be able to withdraw any amount of dog-themed cryptocurrency into fiat starting at 15 EUR and increase indefinitely.
Now payments write:
“The solution allows the merchants to withdraw any amounts of cryptocurrency in fiat starting from 15 EUR up to the unlimited volumes. This feature can be used by any business who is eager to test crypto payments for the first time and wishes to withdraw crypto to fiat currency fast, easy, and from any part of the world.”
Fiat withdrawals became possible after NOWPayments launched a new fiat payout solution in collaboration with Switchere, a licensed financial services provider. Businesses can use the solution to withdraw cryptocurrency in fiat currency quickly, easily, and from anywhere in the world.
This Partnership Very Crucial
All new businesses that want to test SHIB payments for the first time can use this feature. Using this feature, merchants can withdraw any amount of dog-themed cryptocurrency in fiat, starting at 15 EUR and increasing indefinitely.
The feature currently supports 12 popular cryptocurrencies in addition to Shiba Inu. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Stellar (XLM), Aave (AAVE), EOS (EOS), Chainlink (LINK), OMG Network (OMG), Uniswap (UNI), and yearn are among the coins on the list (YFI).
Why Shiba Inu?
NOWPayments is particularly fond of the Shiba Inu ecosystem and its vibrant community. This unique affection is justified because all of the Shiba Inu ecosystem’s official partners, including Sorbillo, John Richmond, and Welly, accept Shiba Inu and LEASH as payment via NOWPayments.
In addition, Shiba Inu Burns are supported by the cryptocurrency payment gateway company. Previously, on March 22nd, NOWPayments added a new optional BURN feature for SHIB and LEASH to its platform, allowing merchants to burn a portion of their profits in SHIB or LEASH.