Monday, May 16, 2022
Home Crypto News Market New York Customers Can Now Pay for Equinox Fitness Services Using Dogecoin...

New York Customers Can Now Pay for Equinox Fitness Services Using Dogecoin (DOGE) and Shiba Inu (SHIB)

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The adoption of Shiba Inu and Dogecoin payments have continued to be on the increase. 

Popular American fitness company Equinox Group is among the latest U.S. businesses to allow its customers to make payments for its services using Shiba Inu (SHIB) and Dogecoin (DOGE).

The company noted in a recent article on its website dubbed “New York: Pay With Crypto,” that it has partnered with popular cryptocurrency payment provider BitPay for the initiative.

According to the announcement, all New York-based members of Equinox Group are eligible to pay for different services offered by the fitness company using both Dogecoin and SHIB.

Equinox Supports Other Cryptocurrencies

Meanwhile, the two memecoins are not the only cryptocurrency Equinox Group members are allowed to use as digital currency payment methods.

Clients can also use other BitPay supported cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC), and five different stablecoins.

Requirements of the Service

It is worth noting that before a client is allowed to pay for fitness services at Equinox Group in the city of New York, the customer must obtain a pre-approved BitPay ID, which can be obtained from the BitPay official website.

Equinox Group disclosed that customers who opt for the service should know that the exchange rate between selected cryptocurrencies and the United States Dollars is locked for a period of 15 minutes.

“Equinox and BitPay are not responsible for any exchange rate changes when payment is not completed within the initial 15-minute period or in connection with any refund permitted by the terms of your Equinox membership agreement,” the company said.

However, customers who, after making payments using memecoins and demanding a refund, will be reimbursed the U.S. value that was locked in at the time of their purchase.

Rising Adoption of Shiba Inu and Dogecoin Payments

The latest development marks a growth in the widespread adoption of Shiba Inu and Dogecoin in payments.

As reported, at least ten publicly-listed companies, including Tesla and Dallas Mavericks, accept Dogecoin as a payment method.

Similarly, Shiba Inu enthusiasts can now purchase burgers and sandwiches from Naples-based restaurant Welly.

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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.


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