Shiba Inu News: SHIB Community Burns 1 Billion Tokens as Remittix Introduces PayFi Solution

In the latest Shiba Inu news, the SHIB community has just burned over 1 billion SHIB tokens, hoping to cut supply and potentially improve the token's value.

The Shiba Inu community continues to burn SHIB tokens in an effort to reduce the token’s supply and potentially increase its value. According to the latest SHIB burn news, a total of 1,002,930,833 SHIB tokens have been burned.

This latest burn brings the total amount of SHIB tokens burned to over 410 trillion, which is now close to 40% of the total initial supply. The token’s price, however, has not seen any significant increase despite the massive burn.

At the time of writing, SHIB is trading at around $0.00002008, down 5.4% since the beginning of 2025. The token is now the 14th largest cryptocurrency by market cap, with a total value of around $11.98 billion.

Some investors were expecting a price spike after the recent token burn, but that does not seem to be happening, at least not yet. However, traders are still optimistic that the token’s price will eventually increase, especially if the burns continue and the crypto market recovers.

If SHIB manages to reach higher price points like $0.001 or $0.01, it will certainly attract more attention and investment. But for that to happen, the token will need some major upgrades and a faster burn process.

Meanwhile, Remittix is introducing a PayFi solution that aims to simplify crypto-to-fiat transactions, making it easier for users to send and receive money across borders.

The project is currently having one of the best crypto presales, and experts are bullish about its future. Early backers have already enjoyed an over 200% increase, and there’s more to come as the token prepares for launch.

To participate in the Remittix (RTX) presale, follow these steps:

Visit the Remittix website and click on “Presale.”

Connect your MetaMask wallet and choose the amount of crypto you wish to contribute (minimum contribution is 0.1 BNB, ETH, USDT, BUSD or TRX).

Confirm the transaction and your RTX tokens will be credited to your wallet after the presale concludes.

About Remittix and the RTX Token

Remittix is a PayFi project that aims to make cross-border payments faster, cheaper and more transparent by utilizing blockchain technology. The platform currently accepts over 40 cryptos and can instantly convert them into over 30 FIAT currencies, including GBP and USD.

This eliminates the lengthy delays and high costs experienced by many with traditional payment systems, whether they use conventional banking like SWIFT or newer solutions like Coinbase.

For businesses, Remittix offers the Pay API, which allows them to accept crypto payments and settle in FIAT seamlessly. This feature reduces processing costs and simplifies global transactions, making it especially useful for international payroll and e-commerce.

Apart from payments, Remittix also provides an earning opportunity. The $RTX token, which is currently available for just $0.0521 during the presale, offers staking rewards between 4% and 8% APY, while VIP members can earn up to 18%.

With its growing adoption and strong fundamentals, some analysts are comparing its potential to Shiba Inu hype, seeing it as one of the best crypto to buy before it gains mainstream traction.