Planet ReFi Embraces Shiba Inu Payments, Expands Real-World Asset Tokenization

Planet ReFi, an innovative platform for tokenizing real-world assets, has announced support for Shiba Inu (SHIB) payments. This move enables the Shiba Inu community to purchase limited edition RWAs on Planet ReFi using SHIB tokens at a 10% discount. Additionally, Planet ReFi will implement a 5% token burn mechanism for every RWA acquired using SHIB.

Planet ReFi Embraces Shiba Inu Payments, Expanding Tokenization of Real-World Assets

Planet ReFi, an emerging platform that tokenizes real-world assets (RWAs), has announced its support for Shiba Inu (SHIB) payments. This move signals a significant expansion in the platform's utility and opens up new opportunities for the Shiba Inu community.

In a recent announcement via its X account, the Planet ReFi team disclosed its support for three additional tokens, including SHIB. Specifically, the team has integrated SHIB, Fantom (FTM), and Zignaly (ZIG) into its real-world asset "Plug and Play" utility program.

Benefits for the Shiba Inu Community

With the integration of SHIB, members of the Shiba Inu community will now be able to purchase limited edition RWAs on Planet ReFi using their SHIB tokens at a 10% discount. Additionally, the platform will implement an automatic smart-contract-based mechanism that burns 5% of SHIB tokens with every RWA acquisition.

Community Reactions

The Planet ReFi team's decision to support SHIB has garnered significant attention from the crypto community, with many viewing it as a positive development. Crypto enthusiast Shelly remarked, "FTM, ZIG, and SHIB's RWA program inclusion signifies a pivotal advancement for token utility."

Patrick Schmitt, a notable community figure, expressed his appreciation for the move and indicated his confidence in investing in FTM and PLANET tokens. He also acknowledged the value of supporting SHIB, given its massive community following.

Support for Shiba Inu Payments Grows

Planet ReFi joins a growing number of tech companies that are endorsing Shiba Inu payments. The Crypto Basic has reported that SHIB is now accepted as payment at over 1,200 merchants in 25 countries. Last week, Unification, a prominent blockchain development platform, also announced its support for SHIB payments.

Planet ReFi's Mission

Planet ReFi is on a mission to disrupt the estimated $16 trillion RWA market. It serves as a cutting-edge platform for RWA tokenization, aiming to introduce yields into Web3. Additionally, Planet ReFi seeks to address urgent social and sustainability issues by leveraging blockchain technology.

To promote its initiatives, the team collaborates with renowned celebrities, such as legendary football star Lionel Messi. This partnership highlights Planet ReFi's commitment to engaging a wider audience and making its platform accessible to the masses.

Conclusion

Planet ReFi's support for Shiba Inu payments represents a significant step forward for the tokenization of real-world assets. It provides new opportunities for the Shiba Inu community and further solidifies the growing acceptance of SHIB as a viable payment option. As Planet ReFi continues to expand its offerings and partnerships, it is poised to play a pivotal role in shaping the future of RWA tokenization and blockchain technology.