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Los Angeles, CA, February 6th, 2025, Chainwire

First Crypto Consumer Product Eligible for Tax-Advantaged Purchases, Setting the Stage for Major Retail Expansion 

CUDIS, the company behind the world’s first AI/Web3-powered smart ring, announces that its devices are now eligible for purchase with Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). This approval opens the door for consumers to invest in their health with advanced AI and blockchain-powered wellness tracking, and sets the stage for CUDIS to expand into major retail and e-commerce platforms in the U.S. next year.

According to Numerator, nearly 37% of Americans use HSA or FSA accounts to cover healthcare expenses, with households collectively spending over $100 billion annually through these accounts. By adding CUDIS rings to the list of eligible products, this approval removes financial barriers, allowing more consumers to invest in their health through cutting-edge tech.

“Being able to use HSA and FSA funds to purchase CUDIS rings is a game-changer for us and for consumers,” said Edison Chen, CEO of CUDIS. “This approval not only makes our products more accessible but also opens the door for us to partner with major retailers and expand our reach. We’re excited about the opportunity to make our AI-powered wellness rings available in popular stores like Walgreens, Walmart, Amazon, and Target next year.”

A Major Step for Web3 and Retail Integration

CUDIS’ HSA/FSA approval positions it as the first Web3 wellness product to gain widespread distribution through both direct-to-consumer channels and brick-and-mortar retail outlets. This move signals a turning point for the Web3 industry, paving the way for other blockchain-powered products to enter mainstream retail.

“By integrating financial tools like HSA and FSA, we’re not just offering consumers innovative wellness tech, we’re making it accessible and part of everyday spending,” said Chen. “As we expand into retail, we’re helping shape the future of wellness products and setting the stage for Web3 to thrive in mainstream consumer markets.”

Bridging Health and Financial Consciousness

CUDIS rings’ HSA/FSA eligibility makes the product a modern financial tool for those managing healthcare costs and seeking affordable ways to invest in their health.

What sets CUDIS apart from other wearables is its data ownership model. Users don’t just track metrics like heart rate, sleep, and activity—they own their data. Through blockchain technology, users can also choose to monetize their health data via a secure marketplace.

“While most wellness companies profit from anonymized user data, CUDIS flips this model—users own and can monetize their own data,” said Chen. “This shift is revolutionizing how consumers engage with their health data, and we’re proud to lead the charge in empowering individuals to make decisions on their terms.”

Since its launch last year, CUDIS has sold over 15,000 rings across 103 countries, earning endorsements from leading athletes and entrepreneurs. With the HSA/FSA approval, CUDIS is well-positioned to expand its footprint and bring secure, tax-advantageous wellness solutions to millions of consumers.

About CUDIS

CUDIS revolutionizes wearable technology, providing comprehensive wellness monitoring and personalized AI coaching. We empower users to own and monetize their health data, fostering a healthier generation of smart ring users. 

Users can learn more at: https://www.cudis.xyz/

Users can follow CUDIS on X | Discord | Instagram

Users can download the app on Apple Store, Play Store and Solana Mobile

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