A coworker recently told me about NiHowdy, a platform that helps you save on prescription medications while earning bitcoin rewards in the process.
To put it in context, I'm a fan of bitcoin rewards programs like Fold, which let you earn bitcoins for making everyday purchases (I can't help but appreciate deals like this – I grew up with a coupon clipping mom.) I also like that NiHowdy differentiates itself from other bitcoin rewards companies by offering a discount on a product.
While I have yet to use NiHowdy, it seems pretty easy to do. You simply register through the company websitewhere you will get a discount card or a QR code that you can scan at selected pharmacies. You can also use the website to compare prices and find the cheapest places to buy prescription medications (the company also working in a mail order service).
When you pay for your prescription, you'll earn 3% cash back in bitcoin, which is automatically deposited into your Coinbase account. (Although I would prefer if NiHowdy had partnered with a different exchange, as I don't like how Coinbase partners with government agencies to oversee transactions, this isn't a deal breaker for me.)
NiHowdy sees themselves as big pharma fighters…
<blockquote class="twitter-tweet”>
At Nihowdy, we are not just a prescription savings platform. We are warriors in the battle against Big Pharma and fight for your right to claim the savings that rightfully belong to you. <a target="_blank" href="https://twitter.com/hashtag/NiHowdy?src=hash&ref_src=twsrc%5Etfw”>#NiHello <a target="_blank" href="https://twitter.com/hashtag/PrescriptionSavings?src=hash&ref_src=twsrc%5Etfw”>#Savings on recipes
Join us to claim the savings that belong to you. pic.twitter.com/rTP3MgUWLZ
-NiHowdy (@nihowdyrx) <a target="_blank" href="https://twitter.com/nihowdyrx/status/1796361167553572890?ref_src=twsrc%5Etfw”>May 31, 2024
…which I would say is a bit of a stretch, but it seems to provide a good way to save money on potentially burdensome prescription drug costs while still building up sats.
The ultimate trick here would be if you could use your Fold debit card to pay for your prescriptions, earning some extra sats on top of the 3% in sats you earn through NiHowdy.
If that's possible, I might get so excited I'll have to go refill my sedative prescription.
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of btc Inc or bitcoin Magazine.
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