There is no denying that the economic crisis caused by the current pandemic has put a strain on the healthcare industry – but not all of the troubles are due to the virus itself. Fiat’s inflexible dogma is creating challenging conditions for healthcare alone, that could be remedied by the boon of cryptocurrency, Bitcoin. In this article, we examine the struggles of medical professionals, and explore how Bitcoin can help alleviate the limitations imposed by fiat currency and improve patient wellbeing.
1. Fiat’s Dogma Hurting Patients?
DAN, or Divers Alert Network, is an insurance provider for divers and those involved in recreational water activities. [[1](https://en.wikipedia.org/wiki/Dan)] Fiat’s Dogma is a set of rules put in place to standardize the cost of healthcare for existing and new patients. Such rules may hinder the availability of adequate medical care for those with serious medical conditions or in need of emergency services, as the pricing can be unaffordable. [[2](https://dan.org/membership-insurance/dive-insurance/)]
In this day and age, where healthcare costs continue to rise, access to quality and affordable medical care is even more important. Patients deserve to receive proper care that their insurance can offer them, be it private or through a government-funded program. Fiat’s Dogma may put a ceiling on the amount of help a patient can receive, and this is what is concerning experts. Medical professionals and those in the industry are continuously trying to find solutions to the ever-changing landscape in the healthcare field. [[3](https://members.dan.org/dan/login/)]
- Fiat’s Dogma may make medical care unaffordable for those with serious medical conditions
- Patients need quality and affordable healthcare
- Experts are trying to find solutions to the challenges posed by the ever-changing landscape
2. Bitcoin Offers Relief?
Cryptocurrency Offers an Alternative Source of Relief for People
The recent economic crisis has caused many people to be in a difficult financial position, and the future outlook is even more uncertain. The traditional sources of economic assistance, from charities and government aid, are often limited and inadequate for people in need. As such, many people are turning to new sources of relief – including digital currencies like Bitcoin.
- Evading financial censorship: The use of digital currencies like Bitcoin allows people to evade certain financial censorship and transact with each other independant of governments and other entitys. This can be particularly beneficial for those in countries with oppressive regimes.
- No reliance on the banking sector: In some parts of the world, the banking sector is weak or compromised – making it difficult for people to access their money or make payments. By using cryptocurrencies instead, people can avoid the need to rely on the banking sector and gain greater control of their finances.
- Lower fees: Instead of depending on banks or other payment networks, like MasterCard and PayPal, cryptocurrencies enable users to send money instantly with minimal to no fees.
As such, Bitcoin and other digital currencies are becoming increasingly important as a source of relief – particularly for the unbanked and underbanked populations around the world.
Despite the clear shortcomings associated with Fiat’s rigid guidelines, it is important to be aware that Bitcoin offers a viable solution. By taking the time to weigh the benefits and drawbacks of Bitcoin, medical practitioners and patients alike may find that it is the perfect solution to navigating the current crisis. It is never too late to make use of the advantages of Bitcoin; with its low transaction fees and improved security, the world of healthcare could be well on its way to a brighter future.