BitcoinBlack deal brings crypto payments for telehealth, prescription drugs
Crypto card issuer BitcoinBlack has announced an agreement to acquire telemedicine provider Ask The Doctor. The deal allows cardholders to pay for doctor visits and prescription drugs in cryptocurrency.
The deal integrates the telehealth provider with BitcoinBlack's mobile app, giving cardholders exclusive access to “request a doctor's personal telemedicine service.” […] All from the convenience of their mobile device,” the ad says.
According to the statement, BitcoinBlack members can “order and pay for prescriptions” by tapping into the doctor's network of medical professionals.
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The deal builds on BitcoinBlack's existing suite of offerings, which include private jet services, a luxury shopping mall, a rewards program and invitations to exclusive events. BitcoinBlack is owned by New York LTD based in the Turks and Caicos Islands.
According to the company's website, cardholders can earn up to 10% cashback in SPND reward tokens. Similar to a traditional cash back rewards program, tokens can be redeemed for watches, private jets and more on BitcoinBlack's Haute Living Luxury Marketplace.
In the year The doctor became one of the first healthcare providers to accept the cryptocurrency when it began accepting payments in Bitcoin (BTC) in 2016.
“Until we added Bitcoin, our services had to be purchased using a credit card or PayPal,” Chief Medical Officer Dr. Michael Warner said in a 2016 interview with The Huffington Post. “For some, having a bank statement trail of transactions with the doctor doesn't provide a sufficient level of privacy,” Warner explained.
Ask the Doctor's supporters Canadian Dragons' Den star Michelle Romano, NBA player Dikembe Mutombo, celebrity dentist Dr. Amira Ogunleye, NFL veteran Israel Idonije and Adam Cole Jacobs, former head of payments at crypto exchange FTX.
The global telehealth and telemedicine market is expanding rapidly and is expected to reach $342.43 billion by 2028, according to ResearchandMarkets.com.
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