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| RXMD Pharmacies Now Accepting Bitcoin Reaching More Customers Using Cryptocurrencies |
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 Hot Stock to Watch |
Company: Progressive Care Inc. (OTCQB: RXMD)
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Last:
Price: 0.044
Change (%): - 0.00 (0.04)
Volume: 848,986 |
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Progressive Care to Accept Bitcoin for its Pharmacy Unit
MIAMI, Feb. 15, 2018 (GLOBE 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.”
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