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February 17, 2021Blog Posts

COVID-19 Medical Supply Seller Accepts Dogecoin for Payments

Crypto Briefing

An FDA-approved online marketplace for COVID-19 protection kits CovCare will now accept Dogecoin for payments.

CovCare, a U.S.-based online market for PPE such as face masks and respirators has announced DOGE support for its products. The medical supply distributor has reportedly retailed 100,000 orders of PPE items to date.

CovCare’s acceptance of Dogecoin is an active strategy to bank on the cryptocurrency’s hype. The company also accepts Bitcoin and Ethereum.

In the past, CovCare’s parent company Wooter used Bitcoin payments in 2015 as a similar strategy. Wooter also offered its customers $10 promotional BTC for signing up on Coinbase.

Dogecoin has received recently ongoing support from Tesla and SpaceX CEO Elon Musk. 

DOGE surged 1800% to the peak since the beginning of the year. The cryptocurrency has since corrected 50% from its peak value.

Source

Looking for information about how COVID-19 has impacted the payments industry?

The Strawhecker Group (TSG) and Visa Consulting & Analytics (VCA) teamed up to survey a representative sample of U.S. consumers, and analyzed Visa’s proprietary spend data, with the goal of understanding how the COVID-19 pandemic has impacted consumer lifestyles, payments trends, and how behaviors may change after the pandemic.

Click here to download TSG and Visa’s infographic, Purchasing in a Pandemic.

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