Crypto Payments accepted in South Korean Hospital

The digital currencies are being considered to be adopted in future: a hospital in South Korea declared its decision to accept crypto payments
07 June 2018   358

The hospital placed in Seoul has made provisions for patients who decide to make payment in cryptos. KMP Health Care Seoul made its decision to make a greater use of the emergence of the blockchain world with a presentation of an electronic wallet and an exchange platform. South Korea is known to be one of the few states that can decide the price direction of the cryptocurrencies in the market.

The hospital has decided to process with Coingenes, that happens to be the exchange website although which medical expenses can be paid using the Life Care Global Coins accepted by the hospital. With a wallet, bills can successfully be settled without any hindrance.

We plan to continue expanding our services and technology platform to enable many people in Korea to enjoy excellent medical services and help overseas patients easily access Korean medical services. With the aim of introducing medical services to patients of various classes and overseas patients by utilizing the latest blockchain technology, KMP Health Care Seoul has built a system to take LCGCs Life Care Global Coins issued by GCM instead of cash. 
KMP Health Care Seoul
Hospital, South Korea

The hospital affords many services such as skin cosmetic surgery, outpatient treatment, and many others. The decision to accept payment through the above named exchange platform and its associate cryptocurrency is to jump the slow in the p2p transactions. With all these decisions and impacts, it can be claimed that cryptocurrencies are slowly building themselves to take their place in the the global economy.

Gemini & Partners to Launch Virtual Commodity Association

Association is created to develop standards for the industry, promote transparency in the market and cooperate with regulators, including the CFTC
20 August 2018   92

Several major exchanges decided to create a new structure designed to eradicate manipulation in the digital assets market, Bloomberg reports.

The Virtual Commodity Association was formed by the founders of the exchange Gemini Cameron and Tyler Winklewoss. According to a statement released on Monday, the group also included Bitstamp, BitFlyer USA and Bittrex. Representatives of four trading platforms will meet in September to consolidate the provisions for the future functioning of the organization.

The Virtual Goods Association will develop standards for the industry, promote transparency in the market and cooperate with regulators, including the Commodity Futures Trading Commission of the United States (CFTC), in order to prevent manipulation of Bitcoin, Ethereum and other currencies.

As the temporary executive director of the organization, Maria Filipakis, who worked in the Financial Services Department of New York, was appointed, where she took part in the creation of a BitLicense.

Earlier, the Winklewoss brothers tried to launch their own ETF, tied to bitcoin, but the US Securities and Exchange Commission denied them twice, as the reasons for its decision, among other things, calling for the absence of adequate measures to prevent cryptocurrency market manipulations.