A new cryptocurrency that will be used as cash at several clinics such as plastic surgery, dentist, dermatology, Ob-gyn (Obstetrician-gynecologist) is gaining attention.
There are some hospitals worldwide that already receive cryptocurrencyy such as Bitcoin but this is the first time that a new crypto currency will be directly issued and used to pay for medical care and procedures in real life.
Singapore ICO Platform Pte. Ltd. (ICO Platform) and MDsquare signed a memorandum of understanding (MOU) for the inter-using of the new crypto currency iCROWD Coin (ICL) and TMED”.
BK Kim (Kim Byung-gun) ICO platform CEO said, “ we are working with five major city plastic surgery clinics in four Asian countries including Singapore, Beijing, Shanghai, Jakarta and Seoul, and in Korea, 7 dental locations including Ever Smile Dental Group and Cheongdam Bright Smile Clinic. From as early as this fall, the new crypto currency from both sides will be available for use like cash at clinics such as dermatology clinics, obstetricians, mental health clinics among others, which are run by specialists available in the MDsquare network.
“ This means that ICC token for ICO platform and TMED token for MD square can be used to pay for medical treatment and medical procedure cost at a clinic that is in the network,” said Oh Soo-Hwan, CEO of MD Square.
ICO Platform is a blockchain based crowd-funding platform that was established in Singapore in August 2017 by CEO Kim Byung-Geun of BK Medical Group. It has become a main player in raising capital for prospective entrepreneurs, startups, and existing businesses using a new business model. They offer support and consultation to promising business projects. They also help with getting businesses registered in Singapore, angel investment, venture capital and also accelerator.
Kim Byung-gun ,CEO is also the founder and CEO of BK Plastic Surgery clinics, and also a renowned investor. He is the second largest shareholder of the KOSDAQ listed bio-venture company Hugel. He is the fifth largest shareholder of the crypto currency exchange, bithumb. The third largest shareholder of Korea’s no.1 SI solution development company, Finger Inc. which supplies and develops financial IT solutions to provide optimized money management strategies for Korea’s top financial institutions like Shinhan Bank, Nonghyup Bank, and Industrial Bank of Korea.
Mr Kim, delegated his voting rights as the largest shareholder of Hugel to Bain Capital, he also signed an investment contract in February this year and immediately delegated his voting rights at Finger Inc. to Min Soo Park, the CEO of Finger Inc. and the largest shareholder.
MDsquare, a blockchain based telemedicine platform, was founded by CEO Oh Soo-Hwan (Ever smile Dental Group C.E.O) who graduated from Yonsei University’s Department of Electronic Engineering and the College of Dental Medicine. The company was founded in May 2016, and the beta version of the MDsquare app was released in August 2017.(translated from naver news)
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