Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BITCOIN NEWS»CrowdHealth crowdfunding platform integrates Lightning and Breez SDKs
BITCOIN NEWS

CrowdHealth crowdfunding platform integrates Lightning and Breez SDKs

By Crypto FlexsDecember 6, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
CrowdHealth crowdfunding platform integrates Lightning and Breez SDKs
Share
Facebook Twitter LinkedIn Pinterest Email

CrowdHealth, a crowdfunding platform for paying for medical experiences instead of insurance policies, is integrating Lightning payments with Breez’ Lightning SDK. The United States spends more than twice the average amount on health care compared to other developed countries with similar economies. Medical expenses are one of the leading causes of bankruptcy in America. It’s no secret that America’s health care system is problematic.

The CrowdHealth model is based on providing an alternative to traditional insurance policies at a cheaper price. With a monthly membership fee of just $50 per month, much lower than most insurance plans, CrowdHealth helps you negotiate your medical bills to get the lowest possible price, find a healthcare provider and manage your bills, get discounts on drug prescriptions, take advantage of member crowdfunding services, and more.

The crowdfunding aspect is a key differentiating feature of the platform. Instead of charging appropriate premiums to raise an insurance fund to pay claims, platform users donate a monthly fee directly to Crowdheatlh for bill negotiation and other functions, relying on voluntary crowdfunding from other members to meet their requirements. do. Funding requirements to actually pay medical bills. The idea, which appears to be working for its current 5,000-member user base, is that people pay forward to help others on the network in the hope that they will be repaid later if they need to cover the costs. unexpected expenses.

Prior to the Breez integration, the company had been functioning via existing fiat payment rails, which had successfully moved funds between members, but introduced two major overheads that fundamentally could not be handled by these rails:

First is the payment fee. Bank transfers can easily reach $20-30 in a single transfer, eating into donated funds that could be used for a member’s medical expenses. It also introduces an implicit minimum amount. If you need a wire transfer to transfer money, why would someone pay a $20 fee to contribute $2 to someone else’s bill? Lightning can drastically improve this situation by charging a transfer fee of just 1 cent for the amount the network can transfer within its liquidity limits.

Second, is the time it takes to make a payment. Depending on the circumstances, your bank transfer may take several days or weeks to process. If a medical procedure is urgently needed, a delay in settlement may actually cause physical harm to the subscriber if the health care provider requires payment up front or immediately after the procedure is completed on credit. Lightning helps you complete full and final payments in seconds.

Lightning integration using the Breez SDK allows an already innovative new business model to streamline costs and potentially improve scalability for members to crowdfund each other’s healthcare costs.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

As Nano Labs begins to accumulate $ 1 billion, BNB gets a big supporter.

July 5, 2025

Bitcoin is integrated into less than $ 108,000, but the eyes are set for $ 115,000.

June 29, 2025

Sequans starts $ 384M Bitcoin Treasury Initiative with Swan Bitcoin Partnership.

June 23, 2025
Add A Comment

Comments are closed.

Recent Posts

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025

A Trader’s Guide To Smarter Moves

July 6, 2025

Crypto Price Prediction Strategies – How Traders Forecast The Market

July 6, 2025

Causes, History, And How To Survive

July 6, 2025

A Guide To High-Risk, High-Reward Strategies

July 6, 2025

Ethereum MVRV has 1.20–1.25 and suggests that Market Peak is not visible.

July 6, 2025

Bitcoin holders reach $ 1 trillion in paper gains.

July 6, 2025

It flashes again in July

July 6, 2025

AAS MINER Rolls Out 2025 AI Cloud Mining Plan — Fully SEC-Compliant, Risk-Controlled, And Tailored For Crypto Enthusiasts

July 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025
Most Popular

Sui and Atoma bring the power of AI to dApp builders

June 1, 2024

Speculation over the fate of the U.S. banking sector intensifies as the Fed’s BTFP shutdown approaches.

March 10, 2024

EOS Network Foundation Limits Token Supply to 2.1b

May 31, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.