According to a Monday news statement from Bitcoin of America, the popular cryptocurrency ATM operator recently introduced the Shiba Inu (SHIB) cryptocurrency to the listing of accessible currencies.
Dogecoin and Ethereum have already been linked to the famous ATM network, and now Shiba Inu has been added as well.
Dogecoin is one of the cryptocurrencies that may be bought and sold at the kiosks.
— Bitcoin of America (@BTCofAmerica) April 4, 2022
Shiba is showing a downward trend
Even though they had just been added to the market, 3 percent of Shiba Inu were still down in the previous 24 hours.
The Dogecoin opponent was hardly mentioned in the media. The SHIB cryptocurrency is now trading on Binance for $0.00002587, down 70.01 percent from its all-time high.
The efficiency of Crypto ATMs
Similar to ordinary ATMs, cryptocurrency ATMs are also available for use. Due to this, they charge much more than prominent bitcoin exchanges in terms of fees.
It was a year ago that Bitcoin of America launched its global kiosk, which involves the combination of a crypto ATM and a standard ATM.
After using their debit card to withdraw cash from a universal kiosk, clients may immediately buy cryptocurrency with it.
After receiving FinCEN clearance, Bitcoin of America retains its federal registration as a money services business.
Adding Shiba Inu to the meme piece is expected to increase its popularity significantly. As of last month, AMC now supports this cryptocurrency as well.
After dominating the market in 2021 and making some early adopters multi-millionaires, the cryptocurrency is failing to gain traction in 2022.
About Bitcoin of America
Bitcoin of America is a virtual currency exchange licensed by the United States Department of Treasury as a money services firm.
Installing ATMs around the nation makes it simpler for the money service’s customers to purchase cryptocurrency with cash.
At the BTMs, BTC, Litecoin, Ethereum, and Dogecoin are now accepting Shiba Inu, bringing the total number of supported cryptocurrencies to four.
Shiba Inus have been more popular in recent years, so they decided to incorporate them into their BTMs.