A southern Denton County medical clinic has joined the Bitcoin revolution, allowing customers to pay with virtual currency that advocates say could change the way people conduct business.
Rapid Med Urgent Care Center on FM 407 in Highland Village now accepts Bitcoin as a payment method in addition to other methods.
Bitcoin is a peer to peer currency that enables instant payments to anyone located anywhere in the world. Not only that, but the entire network is decentralized, allowing a method of payment independent of governments and banking institutions.
The process is simple: Rapid Med staff generates a QR code that has the Bitcoin amount and address embedded in it and patients scan the QR code with their Bitcoin wallet application on their mobile device.
Rapid Med is the first medical center and first physicians in Texas to accept Bitcoin.
Bitcoin payments can be made on both insurance co-pay or out-of-pocket visits.