Bitcoin and the Medical Tourism Boom
For a while, vacationers and vacationers have been utilizing Bitcoin to pay for flights, lodging, and automotive leases.
Now, medical tourism is rising exponentially. According to economics professor Marc Pilkington, medical tourism is a $100 billion international market business comprising 11 million medical vacationers yearly. The yearly progress is round 25% worldwide.
And, many medical vacationers are paying with Bitcoin when touring overseas to obtain medical therapies, comparable to well being check-ups, organ transplants, most cancers therapies, and orthopedic, dental, and beauty procedures.
According to the MedicalTourism Magazine, the medical tourism’s progress drivers embrace:
Increase in degenerative illnesses
Lack of entry to high quality healthcare providers
Rising healthcare prices
Long wait instances
Ease of journey
Now, a rising variety of the establishments that present remedy and providers to medical vacationers are utilizing blockchain know-how and accepting funds in Bitcoin.
A Fortune article entitled “The Rise of Medical Tourism Accepting Crypto Currencies” estimates that medical vacationers will more and more use cryptocurrencies. According to the article:
All in all, medical vacationers are prone to more and more use cryptocurrencies and blockchain know-how. For a rising share of the wealthy and super-rich and lots of much less rich people and households, there are distinct benefits of utilizing cryptocurrencies.
Medical Providers are Accepting Bitcoin
Presently, 1000’s upon 1000’s of retailers are already accepting Bitcoin. Now, medical and well being service suppliers are additionally accepting the digital forex.
For instance, Dr. Edward Domanskis, who’s licensed by the American Board of Plastic Surgery, makes a speciality of face and body rejuvenation. Dr. Domanskis accepts Bitcoin as fee for beauty plastic surgical procedures. His central workplace is in Newport Beach, California, and he additionally manages satellite tv for pc places of work in San Francisco, Miami, Anguilla, and EU. In a press launch, Dr. Domankis stated,
Bitcoin ought to work for my cosmetic surgery apply for it is going to enable my far-flung affected person inhabitants to pay for my providers simpler. I wish to be within the forefront of recent know-how and developments.
Plastic Surgeon Accepts Bitcoin https://t.co/1DBmjg35Uc #Business
— Dr. Edward Domanskis (@DrEDomanskis) December 16, 2017
The Columbus Medical Center (CPMC), based mostly in Columbus, Georgia, began to just accept Bitcoin in September 2017. When making the announcement, Dr. Eric Codner, the lead physician at CPMC, acknowledged:
Using Bitcoin to your purchases returns energy to the buyer by permitting fee by a decentralized forex that can’t be manipulated by any financial institution or authorities.
Likewise, hair care clinics in a number of European capitals settle for Bitcoin funds. For instance, the London based mostly Vinci Hair Clinic began accepting Bitcoin in December 2016.
Healthcare providers based mostly in Canada additionally settle for funds in Bitcoin. For instance, Ask the Doctor affords on-line healthcare providers to sufferers worldwide. This service supplier started receiving Bitcoin funds in October 2016.
The use of Bitcoin will most certainly proceed to increase inside the tourism business. Due to Bitcoin’s borderless nature, it tremendously facilitates funds for tourism, medical tourism, and healthcare providers all through the world.
What are your ideas about Bitcoin turning into the first forex of the medical tourism business? Let us know within the feedback under!
Images courtesy of Pixabay, AdobeStock
The publish Bitcoin Is Pervasive In Medical Tourism appeared first on Bitcoinist.com.
This article sources data from Bitcoinist.com