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- Customers can pay using Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC) at Todos Medical
- Todos Medical is established in Israel, but it also has a presence in the United States. A new environment has emerged
- Todos Medical isn’t the only medical firm experimenting with cryptocurrency
Cryptocurrency and blockchain technologies have the ability to transform the current healthcare system. Decentralized solutions may soon coexist with centralized systems and controlled payment methods. In both New York and Israel, this trend has already begun. Todos Medical Ltd., a commercial in vitro diagnostics firm, has announced that two of its wellness products will now accept bitcoin payments.
A new environment has emerged
Customers purchasing Todos Medical’s dietary supplement products authorized for sale in the United States will be able to pay with Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC) in addition to more traditional payment options. Customers can use Coinbase Commerce to pay in the chosen cryptocurrency, according to the business. Todos Medical is established in Israel, but it also has a presence in the United States.
Todos Medical isn’t the only medical firm experimenting with cryptocurrency. Skin111 Clinic, an aesthetics clinic in the United Arab Emirates, announced a cooperation with the blockchain-based business Idoneus earlier this month. Clients of Skin111 Clinic would be able to pay for treatments with Idoneus’ IDON tokens under the terms of the agreement.
Taking advantage of massive markets
Cryptocurrencies might significantly cut the cost of offshore remittances for international medical suppliers. According to Statista, the global dietary supplement market will be worth $191 billion in 2020. The value was estimated to be $308 billion in 2028.
Governing the Future
How will international regulators react to medical enterprises that accept cryptocurrency as a form of payment? The Securities and Exchange Commission (SEC) of the United States had already targeted Coinbase because of its crypto-product Lend. Many crypto-organizations have faced regulatory action in the United States, including Coinbase. Furthermore, Chairman Charles Randell of the UK’s Financial Conduct Authority [FCA] has made statements opposing cryptocurrencies. In reality, the cryptocurrency industry as a whole has been targeted by a number of regulatory agencies around the world.
Gerald E. Commissiong, President & CEO of Todos Medical, believes that everyone should take Tollovid to strengthen their immune function at times of high immune challenge and should be taking Tollovid Daily every day to maintain consistent, healthy immune function. The ability to accept widely used cryptocurrencies is a crucial step as they expand their marketing efforts for their new 3CL protease inhibitor health goods.
Food and Drug Administration (FDA) Certificates of Free Sale have been issued for Tollovid and Tollovid Daily, approving its marketing and sale in the United States. The FDA has given the company permission to make two claims about each product.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
