POMPANO BEACH, Fla., Feb. 3, 2014 /PRNewswire/ -- Solpower Corporation, Symbol (OTC Pink: SOCR) today announced that it has created an innovative platform that uses Bitcoin, a virtual currency, to achieve truly anonymous billing and flexible bill payment options to alternative healthcare providers like medical marijuana distributors and holistic or spiritual healers who would benefit from accepting payments outside of the traditional banking system.
The new platform, called Bitcoin Collect is based on the company's popular Medcare Collect system, but instead of using pre-authorized ACH, debit, and credit card payments, the system is built around a virtual currency called Bitcoin. Like Medcare Collect, the system has the main benefit of allowing healthcare professionals to care for patients that may not be able to pay up-front for their services without fear of default, and without credit checks by setting up a series of automatic payments that are scheduled to avoid default. However, by integrating the system with the use of Bitcoin, the company has added complete anonymity to the billing process, which would appeal to alternative healthcare providers who traditionally had to deal in cash for regulatory or for privacy reasons.
Solpower's CEO and President, Charles Neinstedt, explained,"This is a breakthrough for a whole section of the healthcare industry. Providers that are not accepted by mainstream medicine and insurance companies, or that people just do not want to appear on their bank statements, had no options in the past. These providers help millions of people every year, and now those people can get that help securely and privately with the added benefit of being able to pay off the expense of these treatments over time, and without a credit check. I think we are doing something really big here."
The company has also started the integration of Bitcoin into their existing Medcare Collect system, as a back up payment method, which they expect to roll out in just a few months. Mr. Neinstedt claims this is the first and only solution of it's kind, and that because of the flexibility, privacy and security, it will be the leader in alternatives to traditional health insurance in the near future.
Find out more by contacting Solpower at Investors@solpowerco.com, or subscribe to the company's twitter @solpowercorp.
Solpower Corporation owns and operates a software company that designs innovative solutions to problems that plague industries globally. Its flagship product is Medcare Collect, a healthcare billing system that allows patients to pay off medical bills over time with no credit check.
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SOURCE Solpower Corporation