The world of cryptocurrency continues to evolve, and one of the latest developments comes from Crypto.com, a leading digital asset platform. The company has announced that users can now fund their Crypto.com Visa Cards using Shiba Inu (SHIB), marking a major step forward for the popular memecoin’s real-world utility.
This update was officially communicated via email to users and confirmed through a tweet from the Crypto.com account on June 19, 2024. The announcement highlighted that over 100 cryptocurrencies are now supported for card top-ups — including not only major assets like Bitcoin (BTC) and Ethereum (ETH) but also meme-inspired tokens such as $SHIB**, **$PEPE, $FLOKI**, and **$WIF.
“100+ tokens now supported to make it easier to fund your Visa Card 💳
Now including meme coins like $SHIB, $PEPE, $FLOKI, and $WIF!
Fund your Card now.”
This integration means SHIB holders can seamlessly convert their holdings into spendable fiat currency at millions of merchants worldwide that accept Visa. It’s a powerful move toward mainstream adoption and reflects growing confidence in digital assets beyond traditional finance circles.
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How to Fund Your Crypto.com Visa Card with SHIB
Funding your Crypto.com Visa Card with Shiba Inu is a simple, user-friendly process designed for both new and experienced crypto users:
- Open the Crypto.com mobile app.
- Navigate to the “Card” section.
- Tap on “Top Up.”
- Select SHIB (or any other supported cryptocurrency) as your payment method.
- Enter the desired top-up amount.
- Review and confirm the transaction.
Once confirmed, the equivalent value in fiat currency will be credited to your card balance, ready for use online or in-store wherever Visa is accepted.
This functionality enhances financial flexibility, allowing users to spend their digital assets without needing to manually convert them through external exchanges — reducing friction and improving the overall user experience.
Why This Move Matters for Shiba Inu
The acceptance of Shiba Inu as a valid funding source for a major crypto-backed credit card represents a pivotal moment in the token’s journey.
While SHIB began as a lighthearted “dog-themed” memecoin inspired by Dogecoin, its integration into practical financial products signals a shift toward legitimacy and utility. By enabling direct use in everyday transactions, Crypto.com is helping SHIB evolve from speculative asset to functional currency.
This development may also have broader implications:
- Increased demand: As more users seek to spend SHIB directly, demand could rise due to limited supply mechanics (especially considering ongoing burn events).
- Enhanced credibility: Being accepted alongside established cryptos like BTC and ETH boosts SHIB’s reputation within the financial ecosystem.
- User empowerment: Holders gain greater control over how they use their assets — no longer limited to trading or holding.
In essence, this isn’t just about convenience; it’s about expanding the purpose of cryptocurrency in daily life.
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A History of Strong Support for SHIB
Crypto.com’s decision to allow SHIB-funded cards didn’t happen overnight. The exchange has been steadily building support for the token since its official listing in March 2022.
Over time, the platform has introduced multiple enhancements, including:
- New trading pairs featuring SHIB
- Inclusion in exclusive rewards programs
- Marketing campaigns promoting SHIB across major app stores
Notably, earlier in 2024, Crypto.com launched targeted promotions for Shiba Inu on both the Google Play Store and Apple App Store, increasing visibility and accessibility for new users interested in acquiring the token.
These efforts reflect a strategic commitment to not just list SHIB but to actively integrate it into the broader financial experience offered by the platform.
Real-World Impact: Large Transactions and Supply Reduction
Recent activity involving SHIB on Crypto.com underscores its growing importance:
- In April 2024, a single wallet withdrew 692.4 billion SHIB from the exchange — suggesting significant new acquisition and long-term holding intentions.
- Users have also contributed to reducing the circulating supply by sending tokens to Shiba Inu’s official dead wallet, effectively burning them.
One notable example occurred in early 2023 when a Crypto.com user sent nearly 35 million SHIB to the burn address. These actions help increase scarcity, which can positively influence price dynamics over time.
Such behaviors indicate that SHIB is not only being used but is also being treated as a long-term investment with intrinsic value — further distancing it from its purely meme-based origins.
Frequently Asked Questions (FAQ)
Can I use SHIB to pay directly at merchants?
No — you cannot use SHIB directly at checkout like cash. However, you can fund your Crypto.com Visa Card with SHIB, which converts the value into fiat currency (e.g., USD, EUR) that the card uses for purchases.
Is this feature available worldwide?
Yes — the ability to fund your card with SHIB is available in all regions where Crypto.com offers its card program, including Europe, the UK, and other supported jurisdictions.
Are there fees for topping up with SHIB?
Crypto.com may apply network or processing fees depending on blockchain congestion and transaction size. These are typically minimal and displayed before confirmation.
Does funding with SHIB trigger a taxable event?
In many countries, converting cryptocurrency to fiat (even indirectly via a card top-up) is considered a taxable event. Always consult a tax professional in your region for guidance.
What other meme coins are supported?
In addition to SHIB, users can now fund their cards with other popular meme-inspired tokens such as PEPE, FLOKI, and WIF.
How secure is the funding process?
The process uses end-to-end encryption and multi-factor authentication. As long as your account is secured with strong passwords and 2FA, funding your card remains highly secure.
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Final Thoughts
Crypto.com’s inclusion of Shiba Inu as a funding option for its Visa Card is more than just a feature update — it’s a milestone in the broader narrative of cryptocurrency adoption.
By bridging the gap between digital assets and everyday spending, platforms like Crypto.com are empowering users to take full advantage of their holdings. For SHIB specifically, this move reinforces its transition from internet meme to functional financial instrument.
As more services embrace decentralized currencies, we’re likely to see increased innovation at the intersection of crypto and consumer finance — making digital money more accessible, useful, and integrated into modern life.
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