Digital insurer Metromile follows through with $1M Bitcoin purchase
In May, the company said it intended to allocate $10 million towards Bitcoin in the second quarter of 2021. Go to Source Powered by WPeMatico
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Digital Transformation Law Draft Would Allow Users to Pay Mortgages With Crypto in Spain
A new proposal of a digital transformation law, written by a group of lawmakers in Spain would introduce the possibility of paying mortgages with cryptocurrency. The law draft also gives different incentives for companies and organizations using and developing solutions using these technologies, including tax cuts. Banks are also included in the regulation, and the … Read more
China Offers Medics Digital Yuan Insurance Policy for Covid-19
China’s first insurance policy using the digital yuan for settlement has been issued in Shenzhen, local media reported. The new product, targeting medical personnel exposed to coronavirus risks, is offered by the country’s largest insurer, Ping An. The financial giant also has fintech and healthtech entities under its umbrella. Ping An Teams Up With Bank … Read more
Digital yuan pilots expand to insurance industry for the first time
China’s central bank digital currency can now be used on insurance policies that offer various levels of compensation for diagnosis of or death due to COVID-19. Go to Source Powered by WPeMatico
Etherisc onboards 17K Kenyan farmers covered by blockchain-based crop insurance
The project said it would be paying roughly 6,000 farmers for crops adversely affected by climate change before the end of the season. Go to Source Powered by WPeMatico
Stablecoin insurance firm Bridge Mutual to protect against possible Tether depegging
Years of regulatory uncertainty around Tether could be offset by newfound investor confidence if an emerging insurance protocol for USDT gains traction. Go to Source Powered by WPeMatico
Nasdaq-listed insurer Metromile plans $10M Bitcoin purchase
The company will soon accept BTC payments on insurance premiums as part of a broader embrace of digital assets. Go to Source Powered by WPeMatico
Decentralized insurance could save DeFi from contagion, according to ShapeShift report
ShapeShift has identified two unaffiliated projects as promising DeFi insurance protocols. Go to Source Powered by WPeMatico
Nexus Mutual moves to sundown legal entity, lift KYC requirements
By transitioning to a fully DAO-governed model, Nexus could expand its userbase and iron out tokeneconomic friction. Go to Source Powered by WPeMatico
BitGo expands crypto insurance to cover over $700M
Institutional clients have shown strong demand for airtight and insured custody options. Go to Source Powered by WPeMatico
