Modernizing Healthcare Payments with Crypto
Discover how healthcare providers are adopting cryptocurrency for secure, private, and efficient patient payments.
Industry Overview
Healthcare services include private clinics, elective procedures (e.g., cosmetic surgery), and telehealth, where patients seek convenient and secure payment options for high-value or recurring costs.
Challenges in the Industry
- High fees for processing medical payments, especially for elective procedures.
- Slow international payments for medical tourism.
- Need for secure, compliant payment systems under regulations like GDPR or MiCA.
- Patient demand for alternative payment methods.
How Big White Pay Helps
Big White Pay enables clinics to accept crypto payments via QR codes on Android terminals or online links for telehealth services. The platform’s AML/KYB and MiCA compliance ensure secure, regulated transactions, critical for healthcare. White-label options allow large providers to brand the payment system and track transactions across multiple clinics. On/off-ramping supports fiat payouts for providers.
Key Benefits
- Reduced fees for high-value procedures (e.g., $10,000+ surgeries).
- Faster payments for international patients, boosting medical tourism.
- Enhanced security and compliance build patient trust.
- Centralized oversight for multi-clinic providers.
Use Case Example
Real-World Application
A cosmetic surgery clinic uses Big White Pay for international patients. A client scans a QR code to pay $15,000 in Bitcoin for a procedure. The platform ensures MiCA compliance, converts the payment to fiat, and saves the clinic $450 in processing fees.