Senior Care International, a senior care services company, has announced it will be launching a world’s first-of-its-kind cryptocurrency called Agecoin (AGC), Business Insider reported.
Based on blockchain technology, Agecoin promises to introduce revolutionary new way to change how pension schemes operate currently.
Agecoin (AGC), will be used as payment for any services across Senior Care International’s medical affiliates including Kindness-Care Home Health, CareNet Medical, DBA CareNet Health System and Arias Health Care.
It aims to provide the elderly globally with a transparent, user-friendly and highly secure platform via smart contracts.
“The funds raised by Agecoin will be used to build and develop infrastructure for pension services in the future. We will leverage blockchain technology to improve pension financing services,” said Richard Tang, CEO of Senior Care International.
The California-based Senior Care International was founded in 1979 to pursue opportunities in the burgeoning senior care industry including assisted living, skilled nursing, home health/home care and medical equipment services.