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Shiba Inu has been gaining ground among crypto investors worldwide and the recent milestones in price, as well as other metrics, have been a testament to that fact. The latest development that is bringing SHIB closer to users is an integration that will make the meme coin available in ATMs around Australia.
Shiba Inu Scores ATM Integration In Australia
LocalCoin, a crypto ATM company in Australia, announced a new integration with Shiba Inu. According to the announcement, users all around the country are now able to buy SHIB, in addition to Bitcoin and Tether’s USDT, at all of its ATM locations.
This integration is significant given the fact that LocalCoin boasts over 150 ATMs around the country. As the announcement posted on X (formerly Twitter) states, these services are now available to users at the more than 160 ATM locations that LocalCoin currently operates.
Calling all Australian users. You can now buy Tether (USDT) and SHIB Inu (SHIB) in 160+ Localcoin Bitcoin ATMs! 🇦🇺 pic.twitter.com/lCSqdre5qP
— Localcoin Bitcoin ATM (@LocalcoinATM) March 10, 2024
By allowing users to purchase SHIB using ATM machines, the company has made it one step easier for investors looking to get into the asset and cryptocurrencies in general. The ATMs are spread out in major locations across the country, including Queensland, New South Wales, Victoria, South Australia, Western Australia, and the Australian Capital Territory.
SHIB Continues To Catch The Eye Of Investors
In what is shaping up to be a bullish week for Shiba Inu, it has secured support from Mario Nafwal, one of the most prominent crypto investors on X (formerly Twitter). In his post announcing his decision to back the team, Nafwal admits that he initially did not look toward investing in meme coins.
However, the crypto investor states that as projects such as Shiba Inu have begun to create more utility, moving away from the pure meme narrative, his stance has begun to change. In the same post, he announced that he has partnered with K9 Finance, a Shiba Inu-backed project that was recently launched.
To commemorate the event, Nafwal hosted an X Space with Shiba Inu lead developer Shytoshi Kusama as a guest. This appearance would mark the second time ever in the history of the Shiba Inu project where the lead developer would be speaking publicly.
With these bullish developments and SHIB seeing a significant uptick in usage, it points to a change in the tide for the meme coin which spent the most of 2023 suffering dips and crashes. It has already made its way back into the top 10 cryptocurrencies by market cap, after a 400% market rally saw its market cap surge above $19 billion.
Featured image from Swyftx Learn, chart from Tradingview.com
