Topic: Why is bitcoin not used in medical billing? (Read 2442 times)
Bitcoin is too shifted to be trusted on. Hardly we will pay for medical services with crypto in the nearest future.
I think because the place you live in has not accepted bitcoin as a payment method, and if it is acceptable, bitcoin will be used for medical payments.
I think that argument could be done with each sector of the market, the answer remains the same, the day we can pay suppliers with bitcoin, that day will emerge as currency, also very important, stability, not even the price is as important as that a currency is worth the same today and next month.
Such a strange question as the medical sector is not the only one that does not accept bitcoin. It is quite risky for the present time.
I am a person working in the health sector. I am looking forward to one day co-bitcoin be used to pay for medical examination and treatment and health care services.
Bitcoin has proved the world it is a great innovation .The world is moving fast on digital currencies . Most of the people who are doing job are coming with the support bitcoin .We have seen a lots of new project are coming with blockchain .So the day is not so far that you can pay with btc .So just wait and live touch with bitcoin . 
I am a person working in the health sector. I am looking forward to one day co-bitcoin be used to pay for medical examination and treatment and health care services.
actually this same question i had been asking for long now,that why the medical area is not being accessed by this developer and investors,while this field has alot of revenue annually or maybe this only take long before finally reached out.But lets not lose hope as i am really interested in this to happen.because i have a niece thats been threating for worst sickness and having crypto on board in terms of payment is really a big help
People are used to using traditional currencies to pay, and in my opinion it will take a long time for people to start using bitcoin as payment for medical services. Perhaps private clinics will start using bitcoin before the state. I think the main reason is the instability of the bitcoin price.
Not at all. Most probably it's about lack of knowledge.
The volatility doesn't matter, since the price is fixed in local currency, you pay at the spot price of Bitcoin and the payment processor does the conversion. The service provider (or seller) will receive local currency as always.
In my country there is one payment processor that accepts Bitcoin and it's slowly expanding. At first there were a few online shops where Bitcoin payment was accepted, now there are also car vendors that "accept Bitcoin" with this same method. So it is possible for any service provider and for them there's not much of a difference if you pay in Bitcoin or you pay with your credit card.
People are used to using traditional currencies to pay, and in my opinion it will take a long time for people to start using bitcoin as payment for medical services. Perhaps private clinics will start using bitcoin before the state. I think the main reason is the instability of the bitcoin price.
using bitcoin for billing some instance is not good right now, because the price of bitcoin that always moving up and down, makes the value of bitcoin is not stable and makes the value or income from that instance is not stable too
I think time will comes that every sector will accept bitcoin, since bitcoin is not yet fully known in every country it needs more advertisement and promotion to make it more popular, also government should accept it first to have support to implement bitcoin as mode of payment
Well in some countries they are not fully into crypto currency and very few are using bitcoin as their currency because of its volatility in price, It is hard to think that it can be use in some medical billing program or institutions because of its demand nowadays, Most of people are not familiar with blockchain and crypto currency.
I am a person working in the health sector. I am looking forward to one day co-bitcoin be used to pay for medical examination and treatment and health care services.
There are already many projects that work in the field of healthcare on the blockchain and are very successful at the same time. This year alone, there were about 10 health-related coins on the market. If you mean full payment for hospital services with bitcoin, we will have to wait for this for a very long time.
I am a person working in the health sector. I am looking forward to one day co-bitcoin be used to pay for medical examination and treatment and health care services.
Hopely that will happen in near future. The problem with bitcoin used for payment is government regulation. Many government not allowing bitcoin used for payment in merchant or hospital. Beside that, maybe merchant think bitcoin price very fluctuating but i do believe bitcoin will be used for payment in near future
I am a person working in the health sector. I am looking forward to one day co-bitcoin be used to pay for medical examination and treatment and health care services.
There are already many projects that work in the field of healthcare on the blockchain and are very successful at the same time. This year alone, there were about 10 health-related coins on the market. If you mean full payment for hospital services with bitcoin, we will have to wait for this for a very long time.
I am a person working in the health sector. I am looking forward to one day co-bitcoin be used to pay for medical examination and treatment and health care services.
Don't worry there was a time hospitals accept bitcoin as payment in medical treatment, i think sooner your wish will come true because bitcoin mass adoption of some business like banks and others establishment cintinue to accept bitcoin as payment.
I strongly believe that every good thing does not just appear just at once on the scene and as we all can testify that, after the emergence of bitcoin there has been several areas that bitcoin has ventured and as we currently know the number of oppossers to this Godly gifted technology. I strongly believe it is a matter of time and we will see bitcoi been used in hospital billing.
Bitcoins are not currently legal in some countries so it is difficult to use in payment transactions. But I believe in the future bitcoin will be used for medical billing.
It is obvious that we should not use crypto currencies or Bitcoin in countries that it is illegal. Also, it is really hard to pay with Bitcoin if that platform don't really accept Bitcoin or any other crypto currencies, the worse they do not know it. But if I am not mistaken, there is this one crypto currency that focus on health, there might be others but that is what I can remember.
I am a person working in the health sector. I am looking forward to one day co-bitcoin be used to pay for medical examination and treatment and health care services.
Bitcoin is not used in medical billing because bitcoin is unstable. In hospital bills sometimes they need the tangible payment and with cryptocurrency due to lack of regulations and policies still have no stranglehold on what the price or value of bitcoin is in case of a drop or rise. That is why medical institutions or the other corporations even the bamks in the governments still have no way of accepting yhek just because of how it currently is fluid and elastic on ints worth
I agree. Health sector is not yet ready to accept bitcoin payments because of its price volatility. They don't want to risk the chance of dealing with price stability. Come to think of it, within the 24-hour period, the bitcoin's price changes many times. So how are you going to compensate your payment with fiat money, the time you paid the bill or the time they received your payment? We are not yet ready in that stage but I'm very positive that sooner or later, there will be hospitals that will accept crypto as there are so many projects exploring the medical industry.
It would be great to pay for any services (including medical) cryptocurrency. But today the world is not ready for it. Yes, the part of developed countries where people have an adequate financial level are much closer to realizing this. But how to implement this in poor countries? This is a question that worries me a lot and I can't find a solution for today.
It can be said that the path towards that development has been paved, especially since the blockchain is now revolutionizing the health care industry. Now that society is recognizing blockchain technology, the concept of digital currency will follow. This has just started and I've seen memes on the web about a person lying in bed and are asking for a medical bill and the nurse is giving him a bitcoin bill. Because the bitcoin price is unstable, it can go up and down at any time. This is why I do not think people tend to use bitcoin in medical billing. Most bitcoins and altcoins are used as valuable assets to invest!
It has something do with the bitcoin's volatility state. Since bitcoin has that characteristic, it is difficult for them to embrace bitcoin as a currency because they have no control of it, even governments. Though that would be possible in the future, adopting it now is still a big question.
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