You might have heard of Bitcoin, a digital currency or a “cryptocurrency” that exists as a kind of payment system over the internet. Transactions take place between users directly without the help of an outside intermediary.
Although the system has caught on in some Western countries, its presence is still non-existent in Pakistan and many developing countries. Now, one hospital in Islamabad is looking to change that with a different kind of cryptocurrency— PakCoin.
PakCoin is Pakistan’s very first digital currency. Based on LiteCoin, an open source peer-to-peer digital currency, PakCoin is open to both local and international users. It promises instant and risk-free transactions.
Digital currency is created by a process called mining. PakCoin has a total capacity of mining 182 Million Pakcoins (PAK)— 10% of which has been pre-mined.
“150,000 Pakistanis will receive 50 Pakcoins for free.”
According to CoinMarketCap, one PakCoin is currently worth $0.001033. That amounts to just 5.41 rupees for 50 PakCoins considering the current dollar rates.
Asia’s first Surgical Hospital Accepting CryptoCurrency
Abid Hospital, located in Blue Area Islamabad, is accepting cryptocurrency (Pakcoin) as an alternative to cash. Moreover, they are also offering a decent 20% discount for anyone paying with PakCoin. They shared this news on their Facebook page as well.
Inaugurated in January 2015, Abid Hospital is a multidisciplinary hospital equipped with the latest technology providing patient care 24/7 including limited emergencies. Currently, they offer 50% discount for OPD and Lab, 20% for IPD, to Islamabad Police and Islamabad Traffic Police as well.
“They provide charity based health facilities up to limited extent for deserving patients.”
Following companies are also on their services panel:
- ZTBL (Zeri Taraqiyati Bank Limited)
- EFU (Allianz)
- PEC (Pakistan Engineering Council)