Canadian Company Adds Shiba Inu Worth $1.5 Million to Balance Sheet: Here’s Why


Canadian online medical services provider Ask the Doctor announced that it has added $1.5 million (about Rs 11.26 crore) worth of Shiba Inu (SHIB) to its balance sheet. As per the disclosure, as the healthcare company prepares to start accepting tokens as a payment option from its partners within three days, the healthcare startup received around 31 billion SHIB tokens through well-known crypto exchange Kraken Huh. Ask the Doctor began accepting payments in bitcoin in 2016, making it the first healthcare company to do so in Canada.

The announcement comes within hours of startup Tweet that it was receiving many demands crypto To start accepting payments in tokens by users, specifically “Shibarmi”.

so why add Shiba Inu And not its popular rival Dogecoin? Apparently, the decision to add the Shiba Inu to its balance sheet came at a time when the company was deciding between adding it or dogecoin, The firm decided to make it clear to its 27,000-strong followers via Twitter who they’d like to add to the balance and nearly 90 percent of the 10,156 respondents voted for SHIB on DOGE.

That said, this move does not suggest that the company is discontinuing Dogecoin payments. The healthcare firm, which has the majority of its users in Canada, has been endorsing the cryptocurrency in recent days, even adding some as one. payment options for the services provided.

Last month, it began accepting Dogecoin for healthcare services along with its partners, with its founder Prakash Chand expressing his belief in the coin’s utility and scalability. “I believe that Doge will have the highest utility as a global currency because of their speed of settling transactions and low fees per transaction,” he said, adding that “a potentially larger market capitalization than bitcoin as the community grows, ” They said. Having said,

Ask The Doctor is an online healthcare startup based out of Toronto that was founded in 2010 and allows customers to communicate with medical experts via text messaging or video streaming. Former NBA player Israel Idonijé and former NBA ace Dikembe Mutumbo are among his co-founders.

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