Progressive Care, a personalized health care technology firm announced today that it will start accepting Bitcoin as a payment for Rapid COVID-19 tests across all its PharmcoRX locations. Alan Jay Weisberg, the CEO of the firm said the decision was taken keeping the needs of foreign tourists coming to the country, as cash use has declined. He explained,
“This is an excellent alternative for post-pandemic tourists coming into our communities from abroad. It also allows those with an alternative view of payment systems to get the testing services they require as we strive to maintain a shield against a fresh resurgence of this terrible virus.”
Pharmacol has tested over 10,000 people for COVID-19 to date, generating over one million dollars in testing revenues. We are happy to invite Bitcoin holders to our locations for all of their COVID-19 testing needs.”
The decision was also influenced by the ongoing Bitcoin conference in Miami with over 50,000 expected attendees. As tourists are required to offer a mandatory COVID-19 Negative report, the initiative by Progressive care can come to the rescue of many. The firm has also issued a scannable QR code for tourists to streamline the payment process and make it easier for them to get their COVID reports.
PharmcoRX was also among the first pharmacies to accept crypto payments as early as 2018 and continues to offer the alternate crypto payment option for various pandemic services.
Bitcoin Adoption Continues to Grow Despite Numerous FUDs
The crypto market is still recovering from the last month’s correction that wiped out $500 billion from the $2 trillion markets and despite the growing number of FUDs including speculations about Tesla dumping its $1.5 billion Bitcoin holdings to the Chinese crackdown on crypto mining, Bitcoin has continued to grow in terms of adoption.
The price of the top cryptocurrency is currently trading at $36,697 sliding under $38K failing to break past $40K. The current price slump is being attributed to Elon Musk’s cryptic tweet suggesting a possible breakup with Bitcoin.