Canadian Company Adds $1.5 Million Shiba Inu to Balance Sheet: Here’s Why
Canadian online medical provider Ask The Doctor announced that it has added $1.5 million (approximately 11.26 crore) of Shiba Inu (SHIB) to its balance sheet. . According to the disclosure, the breakthrough has seen the healthcare startup acquire around 31 billion SHIB tokens through popular crypto exchange Kraken, as the healthcare company prepares to started accepting tokens as a payment option from its partners within three days. Ask The Doctor began accepting Bitcoin payments in 2016, becoming the first healthcare company in Canada to do so at the time.
Notifications arrive within hours of launch tweets that it received many requests from electronic money user, specifically with “SHIBARMY” to start accepting token payments.
Ask the Doctor added ~$1.5 million USD (about 31 billion $ shib) to our balance sheet through Kraken.
We have 72 hours left to accept #SHIB with our healthcare partners. pic.twitter.com/NHG17druCh
– Ask Doctor ® ???????? (@askthedr) December 1, 2021
So why add? Shiba Inu and not its popular rival Dogecoin? Apparently, the decision to add Shiba Inu to the balance sheet was made when the company was deciding between adding or Dogecoin. The company decided to ask its 27,000 strong followers via Twitter to clarify which one they wanted to add to balance, and almost 90% of the 10,156 respondents voted for SHIB over DOGE.
That said, the move does not indicate that the company is stopping payments in Dogecoin. The healthcare company, which has most of its users in Canada, has in the recent past championed cryptocurrencies, even adding some Payment methods for services performed.
Last month, it started accepting Dogecoin for healthcare services with its partners, with founder Prakash Chand expressing his confidence in the utility and scalability of the coin. “I believe doge will have the highest utility as a global currency because of its speed of transaction settlement and low fees per transaction,” he said, “The market cap could be larger than Bitcoin when combined.” co-development”, he stated.
Ask The Doctor is an online, Toronto-based healthcare startup that was founded in 2010 and allows clients to communicate with medical professionals via text message or live streaming. video streaming. Former NBA player Israel Idonije and former NBA ace Dikembe Mutombo are among their co-founders.