Shiba Inu Exec Announces Partnership With Finance Company, What This Means For SHIB

Shiba Inu executive Lucie has announced SHIB’s “game-changing” partnership with Mass Finance. This significant development could help boost Shiba Inu’s adoption and onboard new users into the meme coin’s ecosystem.

Shiba Inu Announces Game-Changing Partnership

Lucie announced in an X post that Shiba Inu had partnered with Mass Finance, a development she claimed would usher in a new financial era for the Shiba State. The finance company is powered by Stripe payments and helps facilitate seamless money transmission and account services.

With such support from traditional financial institutions, Lucie remarked that Mass is set to become the “financial layer” of the Shiba State. The finance company will use its AI-driven legal and fiscal solutions to help simplify financial processes and make it easier for businesses to operate within the Shiba Inu ecosystem.

Mass Finance will serve as an on-ramp for these businesses between the web2 and web3 ecosystems. Lucie said the firm will enable efficient fund management and compliance, fostering growth and innovation across the meme coin’s ecosystem. The SHIB exec further remarked that one of the major benefits of this collaboration is the ease of onboarding.

According to her, Mass’s streamlined and user-friendly solutions will help lower the barrier for new businesses 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 empower the Shiba State with “cutting-edge financial tools, ensuring a stronger, more accessible future for all participants in the ecosystem.”

This announcement comes just days after legendary automobile manufacturer DeLorean Motors showed support for Shiba Inu and teased about potentially accepting the meme coin as a payment option for its cars. Such a move will help boost SHIB’s adoption and further ignite the competition between Shiba Inu and Dogecoin since 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 be held as planned. The inaugural event was scheduled for November 9 in Bangkok, Thailand. However, the official Shiba Inu X account announced that it was being postponed to secure an even more “exciting experience” for attendees.

There was no information on when exactly the ShibaCon conference will now be held. Meanwhile, the SHIB account mentioned that ticket holders will be contacted and fully refunded. To thank these ticket holders for their support, they will receive a VIP ticket for free when the Shiba Inu team announces a new place and date for the conference.

At the time of writing, Shiba Inu is trading at around $0.000018, down in the last 24 hours, according to data from CoinMarketCap.