Shiba Inu ( SHIB ) can now be used to pay for Netflix and Spotify monthly subscriptions thanks to payment gateway NOWPayments' recurring invoicing tool. Businesses that also run subscription services can now allow their clients to pay for subscriptions in SHIB with the tool.

Individuals or businesses could also make use of NOWpayments' recurring custodial payments, which allows them to set up separate billing accounts for users or customers and let them top up these accounts with the cryptocurrency of their choice as a payment method. SHIB use cases for payments continue to grow, ranging from car dealerships accepting SHIB to a whole metaverse, which Shiba Inu is actively developing.

SHIB burn rate jumps 68% According to the SHIB burn website, the Shiba Inu burn rate is up 68%, as millions of SHIB are sent to dead wallets. In the past 24 hours, over 22,465,336 SHIB tokens have been burned, and eight transactions have been made.