The Chicago Journal

What Drives Skinovatio Medical Spa to Be the Best in the Beauty Industry

Entrepreneurs are driven by different factors when they start their businesses. Some respond to a pressing need, while others simply want to make the most of a rare window of opportunity to start something special. Nonetheless, what drives business operators matters a lot as it reveals the direction of the venture long-term. Business partners Katarzyna Vigneau Sallam and Aleksandra Waibel, the founders of Skinovatio Medical Spa, had a rather special motivation when they developed their medical spa brand in 2015. Ultimately, they responded to a pressing need to provide clients with safe, high-quality, and innovative beauty treatments that they can rely on. 

Before establishing Skinovatio Medical Spa seven years ago, Katarzyna and Aleksandra have been plagued by various unthinkable stories of people getting underground Botox treatments done by untrained and unlicensed practitioners. They have heard of traumatic stories highlighting the damaging side effects of getting someone not qualified to do the procedure. Those stories became a life-changing awakening for both women, and the realizations they had led them to create Skinovatio Medical Spa, a premier medical spa composed of highly experienced and well-trained medical practitioners and aesthetic specialists who are well-equipped to use revolutionary technologies available in the beauty industry today. 

“We want to educate our readers and inform them that it is very important to choose the right facility for their procedures. Cheap injections are not always good injections. You can still receive your procedure out of cost, but it is very important to make sure that it is done by a highly trained injector or laser technician since the majority of these treatments carry on the risk of long life side effects,” Katarzyna and Aleksandr shared. “This is not a case with Skinovatio Medical Spa since we are heavily focused on maintaining a highly trained and qualified staff,” they added.

Another important feature that the founders wanted to highlight is the minimal downtime, if ever there be any, after each beauty treatment at Skinovatio Medical Spa. They carefully made sure that each procedure, whether it is for the face, body, or skin, would allow their clients to go right back to their regular routine. The procedures are generally non-invasive and painless. It comes as no surprise, therefore, that a lot of women prefer the Chicago-based medical spa over other brands in the industry today.

Satisfied clients rave about the company’s excellent customer service, competitive prices, innovative and modern technologies, and multiple convenient locations. At present, Skinovatio Medical Spa can be found at Arlington Heights, Barrington, Ravenswood Manor, Gold Coast, Lincoln Park, and Western Springs, Illinois. It offers a wide array of services that include BOTOX® and dermal fillers, PDO Thread Lift, Platelet-Rich Plasma (PRP) injections, KYBELLA®, laser hair removal, laser tattoo removal, ENDERMOLOGIE®, VELASHAPE®, i-Lipo™, and Emsculpt. For healthier and younger-looking skin, the medical spa offers HydraFacials, Plasma Pen Fibroblast treatment for skin tightening, Intense Pulsed Light (IPL) photofacial, Microneedling, VI Peel, and vampire facials. 

Currently, Katarzyna and Aleksandra are working on promoting Skinovatio Medical Spa among entrepreneurs who wish to franchise the business. This is also part of their plan to expand the business and make it available in all states across America in the next couple of years. While it may seem an ambitious pursuit for a 100% women-owned venture, both founders are confident that their brand has what it takes to stand out in the industry. 

Recent Crypto Market Crash Should Serve as a Wake-up Call According to Michael Hsu

Speaking to the Digital Chamber of Commerce, Acting Comptroller of the Currency Michael Hsu said that the recent crypto market crash should be a wake-up call as the crypto space has gained a dependence on hype. He describes the hype as a serious risk, likening certain crypto transactions to Ponzi schemes.

Hsu’s comments come after the collapse of stablecoin TerraUSD on May 9, an event that reverberated throughout the cryptocurrency market. “The recent collapse of the TerraUSD stablecoin and associated sell-off in crypto markets has shown that hype-driven growth can lead to bubbles, harm consumers, and crowd out productive innovation,” he said.

“What has become clearer to me is that these developments are indicative of the crypto economy’s dependence on the hype,” Hsu elaborated. “The recent events in crypto should serve as a wake-up call and an opportunity to reset and to recalibrate the problems the industry is trying to solve.

Michael Hsu emphasized the reality of the contagion risks within crypto, underscoring that the collapse of Terra spread to Tether and the broader crypto ecosystem. However, despite the risks involved, he was relieved that the events didn’t affect traditional banks. Moreover, the OCC’s work to require banks’ permission to engage in crypto activities limited the exposure.

“No banks are under stress or even rumored to be under stress due to crypto exposure,” he revealed.

A crypto skeptic from the beginning, Hsu also warned that crypto is highly fragmented, noting that the daily addition of new blockchains creates the need for cross-chain bridges. These systems enable the transfer of cryptocurrencies between blockchains, exposing the system to hacks.

“It is as if instead of converging on a single standard railway gauge to connect the country, innovators are incentivized to build customized railcar systems from scratch,” Hsu described. The acting comptroller also noted how there isn’t enough clarity about how custody works and who owns crypto assets bought from an exchange.

Michael Hsu also expressed concerns about crypto products that offer what he calls “unsustainably high” yields. These kinds of offers are the best way to attract investors to crypto, especially in the decentralized finance space. Hsu likes yield farming, the act of lending one’s crypto using smart contracts in return for yield, to a Ponzi scheme.

Cowen analyst Jaret Seiberg said he believes the acting comptroller’s comments infer that banks will have a challenging time participating in crypto and that it’s hard to see the OCC issuing limited-purpose charters for financial entities to participate in crypto due to Hsu’s goal of protecting the banking system from crypto risks.