Care International, a senior care services company, has announced that it will be launching a cryptocurrency called Agecoin. There will be a blockchain built around Agecoin which aims to improve and support pension-related financial services, introducing a revolutionary new way to change how pension schemes operate currently.
Agecoin's blockchain, which is coupled with big data capabilities, promises to provide the elderly globally with a transparent, user-friendly and highly secure platform via smart contracts. Agecoin 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.
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. It is headquartered in California and has hundreds of nursing homes and affiliated pension service agencies around the world.
After 30 years of business in the industry, Senior Care has now evolved to become a holistic one-stop service and management centre for all senior care-related services including managing home care centres, training systems, accommodation for seniors and specialising in geriatric skills training.
Mr Richard Tang, CEO of Senior Care International, said: "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.
"Agecoin is the world's first cryptocurrency based on blockchain technology. Its use of blockchain technology combined with big data analytics aims to provide the elderly worldwide with a transparent and an easy-to-use service. As Agecoin becomes more widely accepted in the global pension eco-finance scene, we look forward to enabling Agecoin as a universally accepted digital currency for retirement services."