Shiba Inu Announces New Collaboration to “Take SHIB to the Next Level”

TL;DR

• Shiba Inu has partnered with Mass Finance to enhance its ecosystem with AI-powered legal and tax solutions.
• The partnership aligns with SHIB’s 4% weekly price increase, supported by the market recovery and increased number of tokens burned.

The latest partnership

The Meme Coin Project has shaken hands with the AI-powered Mass Finance platform, which aims to simplify business creation and growth, especially for startups, funds and incubators. It offers legal, tax and banking tools in a single platform, including automated incorporation and AI-driven assistance for financial and operational tasks, supporting Web2 and Web3 entities.

The team behind Shiba Inu claimed that Mass Finance “is poised to become the State of Shiba with AI-powered legal and tax solutions, backed by Stripe and others.”

“Together we are taking Shib to the next level,” he concludes.

Previously, Mass Finance collaborated with payments giant Stripe to run money transfer services and account management. The latter provides the necessary infrastructure, while the funds are held at Evolve Bank & Trust, ensuring compliance with financial regulations and secure transactions for mass users.

This East not the only thing Shiba Inu was tattooed in 2024. In September he in partnership with open source crypto company Zama to enhance the capabilities of Shibarium (the same coin’s layer 2 blockchain solution).

“A crucial part of this evolution is fully homomorphic encryption (FHE), a revolutionary technology that allows cryptographic transactions to take place on the blockchain while keeping sensitive data – such as financial information and NFT identities – completely hidden ”, the disclosure states.

Reaction to SHIB prices?

The aforementioned partnership coincides with the resurgence of coin prices. It is currently trading at around $0.00001808, up 4%. increase on a weekly scale.

It is worth mentioning that the SHIB rally could be assigned to various other factors, such as the overall crypto market recovery, the explosion in Shiba Inu burn rate over the past seven days, and the decrease in net exchange flow (which signals a reduction in trading pressure). immediate sale).

SHIB Currently has a market capitalization of over $10.6 billion, making it the second largest coin (behind Dogecoin) and the 15th largest in the entire industry. According to According to IntoTheBlock, 54% of all holders are now sitting on paper profits, while 43% remain underwater.