Wag Pet Care Platform Starts Accepting Dogecoin in Payment for Services

Wag users can use Dogecoin to purchase credits that can be used to pay for pet care services.

By Edited by Gadgets 360 Newsdesk | Updated: 21 June 2021 15:21 IST

Wag Pet Care Platform Starts Accepting Dogecoin in Payment for Services

Wag will accept Dogecoin and other cryptocurrencies via BitPay

Highlights

Wag customers can use cryptocurrencies to buy credits
These credits can be used for pet care services
Wag will accept Dogecoin as well

Cryptocurrencies have generated consistent curiosity among investors. Despite a market crash recently and a crackdown by authorities in some countries, they are gaining a slow but steady acceptance among companies eyeing the huge market base of rapidly increasing digital coin users. Wag, an American pet-care services company, has now decided to jump onto the bandwagon and accept Dogecoin as payment through BitPay. It said pet parents can use the cryptocurrency to purchase credits, that can be used to pay for on-demand dog walks, overnight care, pet training, veterinary advice, and any other service offered by it through its app.

Pet care services companies were hit hard during the COVID-19 pandemic in the US, as most people stayed at home, or decided to take their pets out on a walk on their own. So, these companies moved swiftly to a more sustainable business model. They deployed digital payments technology and began focussing more on delivery and providing online support.

In a tweet, Wag! Revealed the “big news” and added that they will “now accept Dogecoin using @BitPay”.

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BIG NEWS: We now accept #Dogecoin using @BitPay. @mcuban @elonmusk @dogedrip Find a Trusted Pet Caregiver near you and pay with #DOGE! $DOGE #DoOnlyGoodEveryday https://t.co/HxSA3h7271 pic.twitter.com/AYvpaVZnXd
— Wag! - The #1 App for Pet Parents (@WagWalking) June 16, 2021

The company also said that it has also decided to donate a portion of the proceeds from each cryptocurrency transaction to carbon-offsetting environmental efforts in “alignment with the DOGE community's motto to #DoOnlyGoodEveryday”. On its official website, Wag! stated that pet parents can “purchase Wag! credits with Dogecoin,” and added that “a tree is planted with every purchase.”

At the time of writing, Dogecoin price in India stood at Rs. 19.1.

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Wag! CEO Garrett Smallwood said they are very excited to have integrated cryptocurrency into their platform and make it easier for people to pay as they please. “Plus, how could we not accept Dogecoin as a form of payment?” Smallwood added in a statement.

The company said it found that there was a clear demand for this form of payment after months of engaging with the cryptocurrency community on social media.

Welcoming Wag! to the world of cryptocurrencies, BitPay tweeted that “Pet Parents can use cryptocurrency to purchase @WagWalking including #dogecoin of course!

Pet Parents can use cryptocurrency to purchase @WagWalking including #dogecoin of course! Welcome to the BitPay family. Read more: https://t.co/6NqCqHLQh5 @mcuban @elonmusk #DOGE pic.twitter.com/ueN8oUReJg
— BitPay (@BitPay) June 16, 2021

Sonny Singh, Chief Commercial Officer, BitPay, said as cryptocurrency increasingly becomes “a preferred way” of payment, companies like Wag!, are realising its importance, and added that “Wag! will benefit greatly from enabling its users to participate in the future of payments through a consumer-driven initiative.”

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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