Shiba Inu Gains Ground: xPortal Now Lets Users Spend SHIB with New Debit Card Service
Popular global payments app xPortal has added SHIB to its roster of supported cryptocurrencies for its debit card service. This means you can now top up your xPortal card with SHIB and spend it directly at millions of merchants worldwide.
xPortal Opens Up SHIB Top-Up Option for Its Crypto Debit Card
In a recent announcement, xPortal unveiled a significant update for its crypto debit card users. The platform now allows topping up cards with a wider variety of crypto assets, including the popular meme coin Shiba Inu. This move expands spending options for SHIB enthusiasts, enabling them to seamlessly integrate their holdings into everyday transactions.
Beyond SHIB: A Wider Crypto Top-Up Universe
While SHIB is a major addition, xPortal’s update extends to other noteworthy cryptocurrencies. Users can now top up their cards with Chainlink (LINK), Uniswap (UNI), Dogecoin (DOGE), and PEPE (meme coin), alongside established stablecoins USDT and USDC. This diversity caters to a broader range of crypto investors and traders seeking flexibility in their spending options.
Unpacking xPortal: Security and Accessibility
xPortal positions itself as a secure and user-friendly platform for crypto management and payments. Built on the MultiversX (EGLD) blockchain, the app boasts a non-custodial crypto wallet with robust security features. The team emphasizes its “unhackable” nature due to its on-chain 2FA (two-factor authentication) protocol.
Getting Your Hands on the xPortal Crypto Debit Card
Shiba Inu enthusiasts can join the xPortal family by downloading the app from the Apple App Store, Google Play Store, or Huawei AppGallery. The card issuance itself is free, but a €10 fee applies for physical card delivery. Additionally, a 1.49% fee is charged for crypto purchases made through the card. However, to sweeten the deal, users can potentially earn up to 5% cashback on their transactions.
A Global Reach, But US Residents Face a Hurdle
While xPortal’s debit card service offers exciting possibilities, it’s important to note that US residents are currently excluded. Following the announcement, a crypto enthusiast expressed disappointment about this limitation. However, another user offered a glimmer of hope, suggesting that potential regulatory changes after the upcoming elections might lead to more relaxed restrictions for US crypto users.
SHIB Integration Gains Momentum: A Growing Trend
xPortal’s move is part of a growing trend among crypto service providers embracing SHIB for payments. In 2023, collaborations like BitPay with Sardine and Gate.io exchange’s debit card launch facilitated SHIB spending in various regions. More recently, CryptoCom App and Binance’s crypto debit card have also expanded their support to include SHIB.
With its growing adoption for payments, SHIB is gaining significant ground in the cryptocurrency landscape. The increasing accessibility and integration with spending platforms like xPortal’s debit card service suggest a promising future for SHIB’s usability and real-world application.
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Michael Onche: Crypto aficionado and seasoned analyst. With a keen eye for market trends and a passion for blockchain technology, he deciphers the intricacies of cryptocurrency with precision. Michael’s expertise and insightful content make him a trusted guide for navigating the dynamic world of digital assets.
