As healthcare costs are rising, healthcare providers are looking into alternative payment solutions to reduce the high transaction fees. Compared with credit card payments, crypto payments have faster settlement cycles and are cheaper due to lower transaction costs. 

Royal Healthcare Medical Centre is the first medical centre in Singapore to provide crypto payments for its customers. The new service will allow customers that own cryptocurrency to make payments by simply scanning a QR code thru our POS+ device at checkout.

The customers are able to make payments with their preferred cryptocurrencies such as Bitcoin, Ethereum, Tether USDT and USDC. The POS+ device will automatically provide conversion rates between fiat and cryptocurrencies and enable a secure and seamless transaction experience, powered by blockchain technology.

Read Royal Healthcare Appoints dtcpay as a Crypto Payment Innovation Partner

The integration of cryptocurrency payments in the healthcare signifies a significant advancement for the healthcare sector. As technological advancements continue to emerge, incorporating alternative payment methods like crypto payments will become progressively crucial. By embracing these modern payment solutions, healthcare providers can enhance patients’ accessibility and convenience, while simultaneously expanding their practices.