Shine Dental Begins to Accept Dentacoin Payments
The fast and convenient nature of virtual currency payments has led to a significant increase in the use cases of cryptocurrencies. For instance, the introduction of Dentacoin in the dental industry has been warmly embraced by practitioners in this filed, with several adopting this as one of their eligible payment methods. Initially, crypto enthusiast was naturally skeptical of the Dentacoin project, but the mass adoption of this altcoin within its native dental sector is likely to change this opinion entirely.
Most recently, Shine Dental, a renowned dental services provider, based in the famous Silicon Valley, started accepting Dentacoin as a payment method. The location of Shine Dental further enhances its appropriateness as an adopter of digital currencies.
Presently, Shine Dental is under the stewardship of Dr Swapna Raveendranath, a celebrity dentist who is well-known for her outstanding exploits over her illustrious career. The medical institution currently offers numerous services including, tooth whitening, bleaching, dental implants and aligning of teeth using the Invisalign dental braces. Two years ago, Shine Dental bagged the coveted Best of Fremont Reader's Choice award, a testament to the superiority of their services.
By permitting Dentacoin payments, shine Dental became the 23rd institution worldwide to accept the altcoin. Before this, Dentacoin was still acceptable (albeit with limited coverage) on a global scale, including Europe, Australia and Asia. While these numbers are promising, there has been a worrying trend in recent months.
At the turn of the year, Dentacoin was affirmed by 11 outlets. The number grew rapidly to 22 by the end of the first quarter of 2018. Since then, only Shine Dental has been added, showing that the adoption of Dentacoin is currently at its peak. Undoubtedly, that development is not positive form a Dentacoin perspective.
According to a survey conducted by IBISWorld, the United States currently has over 180,000 dental practitioners. In comparison, Dentacoin is only admitted by a measly 23 practitioners globally, which represents a mere 0.0012%. This figure translates to roughly 11 dentists in the United States who are willing to adopt the usage of Dentacoin, a number that is still appalling.
It is imperative to ascertain the marketing techniques employed by the Dentacoin team and the resultant success rate to predict the growth projection of Dentacoin in the future. Nevertheless, if the last six months are anything to go by, Dentacoin is lily to falter way before it becomes a stable digital asset.