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NOWPayments Now Supports Fiat Withdrawals For Shiba Inu.
NOWPayments has just released exciting WOOF News for Shiba Inu Community. The cryptocurrency payment gateway tweeted that it has added an option of fiat withdrawals for shib. Customers will pay merchants in SHIB, while merchants would be able to convert shib into fiat.
Merchants would be able to withdraw any amounts of dog-themed cryptocurrency into fiat starting from 15 EUR up to unlimited volumes.
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.”
🐶EXCITING WOOF NEWS🐶
The new episode of The PartnerSHIB Saga: unleashing more use cases for $SHIB 🧡
NOW: your customers pay in @Shibtoken ➡ you get #fiat 💸#SHIBARMY, let’s share this news! 🚀@Switchere_com @shibainuart @ShytoshiKusama
🐕 https://t.co/n5xmM9kpQw 🐕 pic.twitter.com/M1u44Cxpvp— NOWPayments (@NOWPayments_io) May 26, 2022
Fiat Withdrawals became possible after NOWPayments, in collaboration with Switchere, a licensed financial services provider launched a new fiat payout solution. The solution allows businesses to withdraw crypto in fiat currency quickly, easily, and from anywhere in the world.
The feature is available to all the new businesses who want to test SHIB payments for the first time. Using this feature, merchants can withdraw any amount of dog-themed cryptocurrency in fiat, starting from 15 EUR up to unlimited volumes.
Besides Shiba Inu, the feature currently supports 12 other popular cryptocurrencies. The list includes 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. finance (YFI).
NOWPayments has a special love for the Shiba Inu ecosystem and its strong community. This unique love can be justified because the entire official partners of the Shiba Inu ecosystem, including Sorbillo, John Richmond, and Welly, accept Shiba Inu and LEASH as payment via NOWPayments.
Besides this, the cryptocurrency payment gateway company also supports Shiba Inu Burns. Formerly on March 22nd, NOWPayments added a new optional BURN feature for SHIB and LEASH to its platform that enabled merchants to burn a portion of the profits they receive in SHIB or LEASH.