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- #022: ๐ง A Hospital that accepts ADA as payment?
#022: ๐ง A Hospital that accepts ADA as payment?
PLUS: ๐ Axo Trade is ending partnerships with other projects
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Hi Cardano Community,
Welcome to This Week In Cardano - your daily Newsletter covering the major updates in the Cardano Ecosystem!
This is what we have for you today:
๐ง A Hospital that accepts ADA as payment?
๐ Axo Trade is ending partnerships with other projects
๐ Gem of the Day
This Week In Cardano
Your Daily Newsletter covering all major events happening in the Cardano Ecosystem
A Hospital that accepts ADA as payment?
We have been inundated with news about the latest developments in recent months, but this one came as a surprise.
Charles is starting a hospital
Next Month, open for business
โ Charles Hoskinson (@IOHK_Charles)
2:07 AM โข Jan 6, 2023
Cardano founder Charles Hoskinson has announced the launch of his new hospital, the Hoskinson Health & Wellness Clinic.
The hospital, located in the state of Wyoming in the United States, will open for business by February 2023, according to Charles.
Offering a broad range of services
The clinic will focus on a variety of medical services, including primary care, mental health services, women's health, preventative health screenings, cancer tests, diet and nutritional medicine, and cardiovascular care.
The hospital will also specialize in longevity medicine, which includes biological dietary supplements, diets, exercise, and medical therapy. The clinic is currently partly open and will be fully operational next month.
The Hoskinson Health & Wellness Clinic currently has around ten staff members and is looking to increase its headcount. The clinic's LinkedIn page states that the hospital is eager to grow.
ADA as payment for the treatment
Hoskinson Health & Wellness Clinic will allow customers to pay for medical services using ADA, the native token of the Cardano ecosystem.
This is an interesting move with goodwill behind it.
However, only time will tell how frequently patients will choose to use ADA as a means of payment
Axo is ending partnerships with other projects
Axo has announced that it will be ending all outstanding partnerships following the publication of this statement.
According to the team, this decision was made with the intention of protecting the community and promoting responsible investment behavior in the digital asset industry.
Recent partnerships of AXO
Axo recently announced two partnerships.
A Partnership with COTI to integrate Djed, an overcollateralized algorithmic stablecoin built on Cardano
And a partnership with IAMX, a self-custody & identity management platform.
A while back Axo also had a partnership with Meld to integrate the tokens of both projects into each other's protocols.
The reason for ending the partnerships
The team cited the goal of standing on its own and not relying on or providing its reputation to other projects as the main reason behind this decision.
The statement also highlighted that partnerships in the digital asset industry are often perceived as endorsements of a project's value as an investment, which was not the original intention of Axo's partnerships. Instead, it was meant to showcase projects that could be beneficial to integrate within the Axo protocol, not to endorse their financial position or potential indirectly.
That's it for today.
We will be back tomorrow with the major updates from the Cardano ecosystem as well as the L1 comparisons.
Interested in sponsoring this Newsletter?
๐ Gem of the Day ๐งต
Cardano has a minPoolFee to help protect it from large Sybil attacks.
Some feel we are ready to remove it or reduce it.
@ArmySpies succinctly explores the history and potential scenarios in his latest video. ๐ฟ youtu.be/yWRwncQd4Vs
#Cardano $ada
โ Stโณkฮฃ with Pride ๐ (@StakeWithPride)
7:41 PM โข Jan 10, 2023
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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