Shiba Inu director Lucie has announced SHIB’s “groundbreaking” partnership with Mass Finance. This important development could provide impetus Shiba Inu adoption and introduce new users to the meme coin ecosystem.
Shiba Inu announces groundbreaking partnership
Lucie announced in an X post that Shiba Inu had partnered with Mass Finance, a development it said would herald a new financial era for the Shiba State. The finance company is powered by Striped payments and helps facilitate seamless money transmission and account services.
With such support from traditional financial institutions, Lucie noted that the Mass is on its way to becoming the “financial layer” of the Shiba State. The finance company will use its AI-driven legal and tax solutions to simplify financial processes and make it easier for companies to Shiba Inu ecosystem.
Mass Finance will serve as a stepping stone between the web2 and web3 ecosystems for these companies. Lucie said the company will enable efficient fund management and compliance, driving growth and innovation in the meme coin ecosystem. The SHIB exec further noted that one of the key benefits of this partnership is the ease of onboarding.
According to her, Mass’ streamlined and easy-to-use solutions will help lower the barrier for new companies and users to enter the Shiba Inu ecosystem. This will help accelerate adoption and pave the way for wider participation.
She added that the partnership will provide Shiba State with “cutting-edge financial instruments, which will ensure a stronger, more accessible future for all participants in the ecosystem.”
This announcement comes just days after the legendary automaker DeLorean Motors showed support for Shiba Inu and teased about possibly accepting the meme coin as a payment option for its cars. Such a move will help drive SHIB adoption and further fuel the competition between Shiba Inu and Dogecoin since then. Elon Musk has stated that DOGE will eventually become a payment option for Tesla.
SHIB cancels ShibaCon conference
These bullish developments for Shiba Inu come amid the announcement that the ShibaCon Conference will no longer take place as planned. The opening event was scheduled for November 9 in Bangkok, Thailand. However, the official Shiba Inu
There was no information on when exactly the ShibaCon conference will be held. Meanwhile, the SHIB account stated that ticket holders will be contacted and fully refunded. To thank these ticket holders for their support, they will receive during the Shiba Inu team announces a new location and date for the conference.
At the time of writing, Shiba Inu is trading around $0.000018, down in the past 24 hours, according to facts from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com