Progressive Care to Accept Bitcoin for its Pharmacy Unit
February 15 2018 - 10:27AM
InvestorsHub NewsWire
Progressive
Care to Accept Bitcoin for its
Pharmacy Unit
Miami, FL -- February
15, 2018 -- InvestorsHub NewsWire -- Progressive Care Inc.
(OTCQB:
RXMD), a healthcare services and technology company, announces
that its retail pharmacy will officially begin accepting Bitcoin
payments. Customers that choose to pay using Bitcoin will undergo a
similar payment process as customers using credit cards or online
payment processing platforms such as Paypal.
PharmCo, LLC will use
external payment providers, such as BitPay, to process all Bitcoin
payments. BitPay compliance analysts approved the pharmacy for Tier
2 volume processing limit on February 14, 2018. Tier 2 provides
daily cash settlements in USD and has a $500,000 annual limit. This
will allow the pharmacy to reach more customers who are
increasingly using cryptocurrencies for daily purchases. Mass
Ventures Corp will develop and integrate Bitcoin processing into
the Company's e-commerce platform for seamless ease of
use.
"We are committed to
evolving the pharmacy both operationally and technologically,"
stated S. Parikh Mars, CEO. "PharmCo will be one of the few
pharmacies in the country enabling systems for cryptocurrency
acceptance. The main purpose of accepting Bitcoin payments is to
provide value to the end customer by aligning ourselves with the
current lifestyles of a large and rapidly growing demographic using
this cryptocurrency within the community."
Get connected and stay in
touch with us on social media:
Progressive Care
Inc.
https://www.facebook.com/ProgressiveCareUS/
https://twitter.com/ProgressCareUS
PharmCo,
LLC
https://www.facebook.com/pharmcorx/
https://twitter.com/PharmCoRx
About Progressive
Care
Progressive Care Inc.
(OTCQB:RXMD),
through its subsidiaries Smart Medical Alliance, Inc. and PharmCo,
LLC, is a South Florida health services organization and provider
of prescription pharmaceuticals, compounded medications, provider
of tele-pharmacy services, the sale of anti-retroviral medications,
medication therapy management (MTM), the supply of prescription
medications to long term care facilities, administration and
practice management, utilization management, quality assurance, EHR
Implementation, billing and coding, and health practice risk
management.
Cautionary Statement
Regarding Forward Looking Statements
Statements contained herein
that are not based upon current or historical fact are
forward-looking in nature and constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements reflect the Company's expectations about
its future operating results, performance and opportunities that
involve substantial risks and uncertainties. These statements
include but are not limited to statements regarding the intended
terms of the offering, closing of the offering and use of any
proceeds from the offering. When used herein, the words
"anticipate," "believe," "estimate," "upcoming," "plan," "target,"
"intend" and "expect" and similar expressions, as they relate to
Progressive Care Inc., its subsidiaries, or its management, are
intended to identify such forward-looking statements. These
forward-looking statements are based on information currently
available to the Company and are subject to a number of risks,
uncertainties, and other factors that could cause the Company's
actual results, performance, prospects, and opportunities to differ
materially from those expressed in, or implied by, these
forward-looking statements.
Contact
Armen
Karapetyan
Senior Advisor Business
Development
armen@progressivecareus.com
www.progressivecareus.com
www.pharmcopharmacy.com
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