You might wonder why a mere medical supplies company like CovCare is grabbing the attention of media houses and big-scale investors. Yes, you read the title right. CovCare became the first company to accept the meme sensation Dogecoin.
Relevance
As Covid-19 cases are surging at an alarming rate, many customers have abandoned cash on delivery methods and are now constantly opting for online payment. There has been an increasing rise in the demand for PPE kits and whose sale is a major source of income for CovCare. Dogecoin has been the internet rage for the past few weeks with memes all over the place. CovCare being a company that recently crossed the 100,000 order mark took advantage of this opportunity. They welcomed Dogecoin as an accepted mode of payment for their portal.
CovCare is an upstart company that primarily caters to medical supply needs whereas Dogecoin is a cryptocurrency that has recently been ranked as the 8th largest cryptocurrency in the world. This isn’t the first time that CovCare has made headlines by indulging in the world of Cryptocurrency.
First Company To Accept Dogecoin
CovCare is following in the footsteps and carrying on the legacy of its parent company Wooter. Wooter back in 2015 when it was still in its infant stage decided to take a risk which sparked headlines and discussions. Wooters became the first sports apparel company to accept Bitcoin as a form of payment.
Not only this the company went ahead by offering customers a $10 in Bitcoin for those who willingly signed-up with digital currency exchange, Coinbase. The fact becomes more interesting when you realize that large scale companies like Microsoft, Nordstrom, Expedia, and Whole Foods began accepting Bitcoin only in 2019. Wooter has not only set a new trend but also inspired companies like CovCare to follow in its footsteps.
CovCare not only sees this as an opportunity to generate more publicity but also hopes that this will pave the way towards radical change in the medical field industry. Dogecoin which has been deemed as a useless meme currency will now have more worth due to this move of CovCare. This is a sign that CovCare and Dogecoin will be making huge strides in the near future.
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