DOGE and SHIB: Why are more and more companies accepting “dog coins”?

Companies that accept payments in Bitcoin or ETH are becoming quite common. But now, many companies are also starting to embrace meme coins like DOGE and SHIB. Not just low risk companies or small businesses, some of the most profitable sectors in the world are showing their love for “dog coins”.

Medical companies interested in “dog coins”

Ask The Doctor, a medical news platform for Canadian readers, notification added $ 1.5 million (approximately 31 billion SHIB) to its balance sheet. The platform also announced that it will soon accept SHIB.

https://twitter.com/askthedr/status/1466073125628653571?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
In addition, the company is explain will add $ 1.5 million SHIB or DOGE to the balance sheet. In fact, Ask The Doctor is asking users to vote for their choice.

reason The company’s meme coin support is:

“Ask The Doctor loves all“ dog coins ”and all cryptocurrencies. We believe in financial inclusion / health for all people worldwide. For this reason, we as a company are working hard to achieve more advantages for DOGE, SHIB and FLOKI … ”.

In the context of complicated epidemics, a number of medical companies have offered to accept payments in DOGE and SHIB in 2021. For example, CovCare, a manufacturer of PPE and medical supplies, claims to be the first to accept payments in DOGE.

In the meantime, the Marchand Institute – a non-profit organization for surgery – has also announced that it will accept SHIB payments. Interestingly, the drug / alcohol testing kit provider Uritox Medical announced that it will accept SHIBs.

Why is dog coin so “hot”? The most likely answer is that retail businesses can use DOGE and SHIB payments to compete with larger competitors and businesses constrained by more traditional payment policies.

Accepting the coin meme also helps the company get more mentions on the internet as both the DOGE and SHIB investor communities are very active on social media.

More than just a “dog”

As expected, other industries also want to “take advantage” of the SHIB hype trend. A case in point is AMC Theaters, its CEO inquiry Bitpay supports SHIB payments.

At the end of November, the online retailer Newegg also announced that it would soon be accepting SHIBs.

Accepting highly volatile coin memes was not an easy decision for the company. However, this has the advantage of listening carefully and following their customers’ preferences.

At the time of writing, SHIB is the 13th largest cryptocurrency by market capitalization, reaching a price of $ 0.00004236. Meanwhile, DOGE, the 10th largest cryptocurrency, is priced at $ 0.209.

SHIB 4-hour chart | Source: Tradingview

While SHIB rose 13% in the last 7 days, DOGE fell 4.1% over the same period.

DOGE 4-Hour Price Chart | Source: Tradingview

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Minh Anh

According to AMBCrypto

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