A South Korean healthcare provider has announced that it will start accepting cryptocurrency as a mode of payment for its medical services.
KMP Health Care Seoul is a medical clinic that specializes in stem cell treatment and skin cosmetic surgery. It also provides outpatient services including premium health checkups.
The clinic has created its own cryptocurrency called Life Care Global Coins (LLGC). Patients who wish to pay using crypto will have to get hold of LLGC by joining Coingenes, the coin’s exchange, and creating a wallet.
The clinic states:
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.
One reason the healthcare provider is going in this direction to increase its appeal to foreign patients, making payment easier and faster for them.
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.
At the moment, the clinic is only accepting transactions via Coingenes.