After getting a listing at centralized cryptocurrency exchange Kraken, Shiba Inu has started to attract the attention of institutional investors. The news was made public by the official Twitter account of the Toronto-based online healthcare service provider called Ask the Doctor. The tweet indicates that the company has proceeded to add $1.5 million worth of SHIB to its balance sheet.
Considering that the meme coin has managed to lose more than 45% of its market value during the last few weeks, it is great news for the SHIB investors. The tweet further clarified that Kraken exchange management played an important role in facilitating commercial integration.
During the current COVID-ridden environment, many people have become increasingly wary of hospitals. Many people prefer to stay away from visiting clinics for fear of catching the virus. Under these circumstances, online medical care services have become much more popular.
The Canadian-American medical service provider, Ask the Doctor, has also planned to start accepting Shiba Inu tokens as payments to facilitate the patients. The medical information providers have decided to affiliate with its healthcare partners to make the transition happen within the next 3 working days.
Ask the Doctor first started operating in 2010 and was co-founded by known personalities like NBA player Israel Idonije and ex-NBA player Dikembe Mutombo. With this platform, the patients can access the medical experts via video calls, messaging, and live stream. As early as 2016, the Ask the Doctor platform hopped onto the crypto bandwagon.
First-Ever Medical Firm to Accept Crypto Payments
A year before Bitcoin was about to enter its first-ever massive bullish rally, Ask the Doctor allowed patients to pay for their services with Bitcoin payments. It also holds the title to be the first-ever medical care business to accept crypto-based payments. As per the management of the enterprise, the addition of Bitcoin payment was added to increase data privacy for the patients.