1001Pharmacies – Online Marketplace for Prescription Medicine, Bitcoin Payments Next?

In this day and age, more and more of our shopping habits are finding an online alternative.  Whether we want to go grocery shopping, look for new shoes, or even buy prescription pharmaceutical goods, all of it can be done over the Internet.  And, more importantly, all of this can be done in a legal manner as well.

1001Pharmacies Brings Your Pharmacy To The Internet

One of the things most people – especially the older generation – will stick to is visiting their pharmacy in person to pick up a prescription. Even though the process can be completed online so it only needs to be picked up, several people will still take the piece of paper to their pharmacist and have them prepare the order on the spot.  Whether or not this is a trust issue, is a debate for another day.

But even though some people are still fighting the idea, getting your prescriptions shipped through to you via an online platform is not such a strange thought in the end.  Granted, it may sound rather unsafe to send your prescription to an online service, and have them ship the goods to you.  But 1001Pharmacies think they have cracked the code in order to make this process a lot more safe and streamlined.

1001Pharmacies is a French startup which recently raised a whopping US$8.9m in funding.  The company’s goal is rather simple to explain: allow customers to order their prescription goods online. One thing that immediately comes to mind is whether or not 1001Pharmacies would run into legal trouble with their business model.

The answer to that question is: no, they will not.  1001Pharmacies is responsible for handling all listings, payments and deliveries, for which they have partnered with hundreds of brick-and-mortar pharmacies.  Rather than offering prescription goods themselves-  for which 1001Pharmacies was called to court – the company currently sticks to selling non-prescription goods themselves.

One thing to keep in mind is that, besides all of its good intentions, 1001Pharmacies will still be facing quite the uphill battle.  Pharmacy is a highly regulated market, and the French startup will be facing challenges which wouldn’t be a problem in other countries.  However, if they can successfully establish their business in France, other competitors will not be far behind.

Bitcoin Not Playing A Role (Yet)

As we have mentioned in the BitMD article, Bitcoin could be an important factor in the way we pay for medicine in the near future. Now that 1001Pharmacies is providing an online marketplace of sorts for prescription medicine, the next logical step would be to adopt alternate payment options.  And Bitcoin could very well be on that list, as it facilitates payments not just in France, but in every country in the world as well.

Source: TechCrunch

Images courtesy of 1001Pharmacies and Shutterstock