How do fintech innovations like blockchain improve financial transactions in medical tourism according to the chapter?

Fintech innovations like blockchain enhance financial transactions in medical tourism by making them more secure, efficient, and transparent. Blockchain enables secure fund transfers, verification of hospital credentials, and real-time tracking of treatment expenses for international patients.

The chapter highlights that blockchain-based medical payments significantly improve the financial aspects of medical tourism. By ensuring secure cross-border transactions, blockchain technology allows international patients to transfer funds safely, verify the credentials of healthcare providers, and monitor their treatment costs in real time. These advancements contribute to a more efficient and transparent payment system, which is essential for the growing medical tourism sector.