SHIB is going to be used as money in India? We need to talk about this!
Hey, everyone! I have a big news for you: SHIB, the Shiba Inu coin that is popular in the crypto circle, is said to be used as money offline in India! This is a big move, let's take a look together.
First, let's popularize SHIB for new friends. This SHIB is one of the "Dogecoins" in the cryptocurrency, and it has been very popular in recent years. It was originally a community experiment to create a fair and transparent crypto world. SHIB is based on Ethereum. The team locked half of the coins and gave the other half directly to Vitalik, the boss of Ethereum, so that they can't sell the coins at will.
SHIB also has its own exchange ShibaSwap, which can not only trade SHIB, but also coins such as LEASH and BONE. The ecosystem is quite rich.
Recently, SHIB has attracted the attention of many bigwigs. Look, someone transferred 41.36 billion SHIBs from Coinbase 30 minutes ago, which is worth $1.07 million! There is also a big guy who withdrew $2.45 million of SHIB from Coinbase three years later. Do these big guys' actions show that they are very confident about the future of SHIB?
Why can SHIB be used as money in India? This has to do with the Indian crypto market. India has a large population and a fast economic development, and has always been interested in new financial technologies. Although the government's attitude towards cryptocurrencies was a bit vague in the past, people are now more and more accepting of it. SHIB already has a wave of fans in India, and everyone is curious about this new thing.
What are the benefits of using SHIB as money? First of all, the transaction is fast, and the payment for buying things is whizzing. Secondly, the handling fee is low, which saves money for both merchants and consumers. Moreover, it is safe and protected by encryption technology.
Of course, if SHIB wants to be used as money in India, it has to pass several levels. Supervision is a big problem. The Indian government has not yet clearly stated whether cryptocurrencies can be used, and SHIB needs to have a good chat with the government. In addition, ordinary people must know and accept SHIB. This requires a lot of publicity.
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