South Korea’s Metaverse Doctors Alliance to Adopt SOLVE Token as Payment Currency in the Healthcare Metaverse

Solve.Care, the healthcare relationship management platform company, has today made a landmark announcement with the Metaverse Doctors Alliance (MDA), a Korean professional organization made up of leading healthcare professionals to promote the use of the metaverse for healthcare.

Under this agreement, the SOLVE token will be adopted as the payment currency of choice for healthcare services rendered in South Korea’s upcoming Metaverse Clinic.

This announcement was made as part of Solve.Care CEO, Pradeep Goel’s visit to South Korea during a signing ceremony with the MDA.  Users of the country’s first metaverse healthcare clinic will pay for all services using the Solve.Care’s Care.Wallet, the company’s personal healthcare management app, with SOLVE tokens as the currency. In addition to this, Solve.Care has been appointed as the official blockchain advisors to the MDA.

Commenting on the announcement, Solve.Care CEO Pradeep Goel said, “I am full of admiration for the visionary sight that the MDA possesses. I am also very honored and proud that the MDA has chosen Solve.Care to be their blockchain advisors. The SOLVE token was designed to play an integral part in streamlining healthcare payments, and this announcement is a testament to the utility of our token. I look very much forward to working even more closely with the MDA, and the upcoming launch of the Metaverse Clinic next year.”

Speaking on behalf of the MDA, Yoseup Kim said, “The metaverse represents a new realm of possibilities for the advancement of healthcare for the general public. We are seeking to create a new healthcare system, not just for Korea, but for the world. We are only limited by our own imagination, and that is why the MDA is actively seeking to work with global companies who understand what the Fourth Industrial Revolution can bring and who are healthcare experts as well. It is for this reason we have chosen to work with Solve.Care, a company with a proven track record of launching blockchain solutions for healthcare.”

In a country where telemedicine is still very tightly controlled, with temporary limited relaxations under emergency COVID measures, the metaverse is positioned as virtual in-person healthcare consultations to overcome the restrictive telemedicine laws in the country. The MDA hopes to launch the country’s first metaverse healthcare clinic in the first quarter of 2023.

This news comes off the back of the company’s recent appointment of Dr. Uhn Lee, a leading neurosurgeon and Professor at Gachon University, Gil Hospital as the President of Solve.Care Korea.

Hot this week

Spartan Medical Broadens Single-Use Sterile Instrument Portfolio to Improve Outcomes, Increase Efficiency, and Generate Cost Savings

Spartan Medical products portfolio of single-use, sterile med tech includes micro and minor surgical convenience kits, kerrison rongeurs, spinal and general surgical retractors, dural repair kits, synthetic biologics, and a wide range of orthopedic pre-sterilized implants and devices.

Recor Medical Supports European Society of Cardiology’s Hypertension Guidelines

Record Medical notes the new guidelines, "2024 ESC Guidelines for the management of elevated blood pressure and hypertension," have been published online and recommend the consideration of renal denervation (RDN) as a safe and effective treatment option for patients who have uncontrolled resistant hypertension or those that have uncontrolled hypertension with a higher risk of cardiovascular disease, who express a preference to undergo RDN.

ConTIPI Medical Selects EVERSANA to Support U.S. Commercialization of Non-Surgical Medical Device ProVate for Women with Pelvic Organ Prolapse

EVERSANA is a leading provider of global commercial services to the life sciences industry, to support commercialization for the ProVate device in the United States to help women experiencing pelvic organ prolapse.

Boston Scientific Obtains CE Mark for ACURATE Prime Aortic Valve System

The ACURATE Prime aortic valve system is designed with several features to build upon the clinical performance of the ACURATE neo2™ platform including an additional valve size, which expands the treatment range to patients with a larger anatomy.

Noctrix Health Announces New CMS Reimbursement Codes and Payment for Nidra Tonic Motor Activation Therapy for Restless Legs Syndrome

Nidra TOMAC Tonic Motor Activation Therapy, which was authorized for marketing in the United States last year following its designation as a "Breakthrough Device" by the US Food & Drug Administration (FDA), remains the only clinically validated, non-pharmaceutical treatment available for patients with RLS.