Pundi X adds Virtual Rehab’s VRH token to payment ecosystem
We are pleased to announce that Virtual Rehab has signed up for Open Platform, which integrates the Virtual Rehab token or VRH into our global payment ecosystem.
With this, XPOS merchants and XWallet users will be able to transact using the VRH token. VRH will join the likes of BTC, ETH, BNB, DGX, KCS, KNC, XEM and NPXS as crypto payment options that can be used in our global network.
Innovating rehabilitation programs
Established in 2017, Virtual Rehab leads the disruption of the healthcare industry by providing digitally powered preventive tools for vulnerable populations including pain management, prevention of substance use disorders, enhancement of autistic individuals’ communication skills, and rehabilitation of repeat offenders. The Estonia-based company (with presence in the US and Canada) utilizes a combination of virtual reality (VR), artificial intelligence (AI), and blockchain technology in providing truly effective rehabilitation solutions for these individuals, addressing mental and psychological disorders at their core.
Watch Jane King’s interview with Dr.Raji Wahidy, Founder and CEO of Virtual Rehab at NASDAQ.
While Virtual Rehab uses VR and AI to create preventive solutions that will improve the mental and psychological well-being of its patients, the company plans to apply blockchain technology to its data and its transactions. As the data collected by the company from these vulnerable populations are valuable for their rehabilitation process, bringing these to the blockchain will allow for easier sharing between medical institutions and correctional organizations. At the same time, this data is also encrypted to ensure the patient’s privacy and security.
Virtual Rehab will also be applying blockchain to its transactions through its own ERC20, VRH, token. Aside from being used to order and to pay for Virtual Rehab’s products and services, the VRH token will also be used as an incentive for patients who have sought professional help and counseling from licensed psychologists and therapists to improve their well-beings. Through its innovative “Proof of Therapy” concept, Virtual Rehab will reward these patients with VRH tokens, which they can then use to avail of more services they need.
Following a successful private sale, where Virtual Rehab has reached its soft cap, the team will be holding its public sale of the VRH token in the near future. Once the public sale is completed, the VRH tokens will immediately be available for XPOS and XWallet users to transact. More information can be obtained by joining Virtual Rehab’s Telegram Group.
Its unique business model has garnered worldwide recognition from governments and media alike. It was recognized by the US Department of Justice in its Environmental Scan 2016 report for its use of VR in corrections programs. The company was also selected as one of Canada’s most promising high-growth life sciences companies, nominated by The Wall Street Journal to its WSJ D.LIVE Startup Showcase, and it ranked first in 21Cryptos Magazine’s Top 10 to Watch.
“With the VRH token being used to incentivize our patients, we’re delighted to give them more options on how they can use them, thanks to our friends from Pundi X,” said Dr. Raji Wahidy, Founder and CEO of Virtual Rehab. “This will motivate our patients even more to seek proper professional help and counseling.”
Giving more options
“Although the VRH token will be used around the Virtual Rehab network, our partnership with Pundi X allows VRH token holders to use them to purchase a much wider variety of products and services. Now, anyone who possesses VRH tokens can transact with our partner merchants located in over 25 countries around the world,” added Dr. Wahidy.
“Virtual Rehab encapsulates our mission of not only building a superior blockchain but also of wielding its benefits in real-life applications. It uses blockchain technology to secure patients’ data, while it uses the VRH token to facilitate transactions,” said Zac Cheah, Co-Founder and CEO of Pundi X. “It is our hope that Open Platform will give the VRH token even more utility to those who hold it.”
Interested token developers can visit the Open Platform website for more details.
About Virtual Rehab
Virtual Rehab’s evidence-based solution leverages the advancements in virtual reality, artificial intelligence, and blockchain technologies for psychological rehabilitation of vulnerable populations (pain management, prevention of substance use disorders, enhancement of autistic individuals’ communication skills, and rehabilitation of repeat offenders). Established back in 2017, Virtual Rehab was first to commercialize the use of VR and AI for addiction and correctional rehabilitation.
Virtual Rehab is regarded as an undisputed market leader within the sector in which it operates. The team has received global awards and recognition from the US and the Canadian governments, the United Nations, The Wall Street Journal, Microsoft, and others.
For more information, visit https://www.virtualrehab.co.