MAPay Press Release

Fintech company MAPay leveraging blockchain to revolutionize healthcare payment market

Healthcare technology firm, MAPay, is utilizing distributed ledger technology to solve major healthcare payment pain points worldwide.

Voorhees, NJ – July 5, 2022 – MAPay, a healthcare technology firm, is aiming to revolutionize the global healthcare payment market with distributed ledger technology through a decentralized network, known as MPayz.

Traditional healthcare payment processes, especially  those in international markets, are inundated with issues, including processing inefficiencies, payment bottlenecks, and lack of interoperability, which causes patients and providers unnecessary challenges, risks, and costs. MAPay is reimagining how this process functions while providing a better solution for the medical payment industry.

The company recently partnered with Algorand, a blockchain infrastructure, where they will introduce their own utility token to the market in August: MPayz token. The MPayz token can be utilized to support cross-border payments, which is crucial for global healthcare systems to streamline payment systems.

Leveraging this advanced blockchain, MPayz is able to create efficiencies among key stakeholders in the system, such as government health providers, insurance companies, and banks, greatly reducing intermediaries and thereby reducing costs. 

The MAPay and MPayz team came together from a variety of industries, including finance, development, and blockchain, under one common mission: to improve global healthcare payment solutions for all.

“As CEO one of the remarkable things I take great pride in is the quality of our team,” said MAPay CEO Michael Dershem. “Although some have been valued players with me for years, others have come into our tent because of the vision and mission we have chosen to lead.”

MPayz aims to enable health systems to provide higher levels of care, reduce costs associated with inefficient healthcare administration, leverage healthcare innovations, and extend equitable care to more people across the globe. This will be achieved through the development of a suite of blockchain enabled applications allowing users to control patient health data through NFTS, metaverse enabled telehealth, and several other groundbreaking applications.

The team at MPayz is determined to lead the way transitioning healthcare into Web 3 by creating a collaborative environment that will allow other application providers to build out their healthcare and pharma DeFi models within the MPayz network creating interoperability where and when warranted.

“Evolving global healthcare to humancare may seem like a daunting task, but luckily our team sees this type of technology as a necessity for everyone, driving our passion and our purpose.”

MAPay is currently partnering with countries around the world to begin implementing the MPayz Network with an initial launch in Bermuda followed by a pipeline of over twenty nations.

About MAPay

MAPay is a global healthcare fintech company that is utilizing distributed ledger technology to revolutionize the healthcare payments industry. Working in association with large-scale hospital networks, top practice management systems, and several insurance payers and government entities, MAPay is committed to empowering patients and healthcare providers by leveraging blockchain technology to improve and align incentives, reduce costs, and bring increased transparency and data exchange.

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