Canadian company adds $ 1.5 million Shiba Inu to its balance sheet: here’s why

Canadian online medical service provider Ask The Doctor has announced that it has added $ 1.5 million (approximately Rs. 11.26 crore) of Shiba Inu (SHIB) to its balance sheet. According to the disclosure, the foray saw the healthcare startup acquire around 31 billion SHIB tokens through the notorious crypto exchange Kraken, as the healthcare company prepares to accept the token as a payment option for its. partners within three days. Ask The Doctor started accepting Bitcoin payments in 2016, making it the first healthcare company in Canada to do so at the time.

The announcement comes a few hours after start-up Tweeter that he had received many requests from crypto users, especially from “SHIGARMY” to start accepting payments in the token.

Ask The Doctor added ~ 1.5M USD (around 31B $ shib) to our balance sheet via Kraken.

We are 72 hours away from accepting #SHIB with our healthcare partners. pic.twitter.com/NHG17druCh

– Ask the Doctor ® ???????? (@askthedr) December 1, 2021

So why add Shiba Inu and not its popular rival Dogecoin? Apparently, the decision to add Shiba Inu to its balance sheet came as the company decided between adding it or Dogecoin. The company decided to ask its 27,000 followers via Twitter to specify which one they preferred to add in the balance and nearly 90% of the 10,156 respondents voted for SHIB rather than DOGE.

That said, this decision does not suggest that the company is ruling out Dogecoin payments. The healthcare company, which has most of its users in Canada, has recently championed cryptocurrencies, even adding some like Method of payment for services rendered.

Last month, it started accepting Dogecoin for health services with its partners, with its founder Prakash Chand expressing confidence in the coin’s utility and scalability. “I am convinced that the doge will have the greatest utility as a global currency because of its speed of settling a transaction and its low fees per transaction,” he said. declared.

Ask The Doctor is a Toronto-based online healthcare start-up that was founded in 2010 and allows clients to communicate with medical specialists via text or video streaming. Former NBA player Israel Idonije and former NBA ace Dikembe Mutombo are among their co-founders.