Another step to adoption as well, I haven't heard insurance platform that allows it's policy holder to pay and received in Bitcoin, so most probably this is the first and could set a precedence in their industry.
And then they have plans to purchase $10 million worth of Bitcoin, not that huge, and might not move the market significantly, but still it's good to for hear for adoption, so again this is a win-win for us.
Topic: Metromile plans to adopt Bitcoin - page 2. (Read 212 times)
Metromile, Inc., a leading digital insurance platform and pay-per-mile auto insurer, today announced it will soon allow policyholders the option to pay for insurance and receive payment for eligible and approved insured claims in bitcoin or dollars. Metromile will be the first insurance company to both accept premiums and pay claims in cryptocurrency.
To this end, Metromile itself plans to buy $10 million worth of Bitcoin sometime in the second quarter of 2021, in order to begin adopting the cryptocurrency. The company noted that as digital assets are rapidly becoming mainstream, the addition of Bitcoin payments should “promote financial resilience” for its customers.
In an announcement published today, Metromile CEO Dan Preston said:
“We believe in the transformative potential of blockchain technology. We are still in the early days of realizing how this shift to decentralized finance and cryptocurrency will create enduring advantages in insurance, but we believe that offering bitcoin as an option for premium and claims payments would be an important first step,”
source: https://finance.yahoo.com/news/metromile-plans-adopt-bitcoin-offer-120000933.html
To this end, Metromile itself plans to buy $10 million worth of Bitcoin sometime in the second quarter of 2021, in order to begin adopting the cryptocurrency. The company noted that as digital assets are rapidly becoming mainstream, the addition of Bitcoin payments should “promote financial resilience” for its customers.
In an announcement published today, Metromile CEO Dan Preston said:
“We believe in the transformative potential of blockchain technology. We are still in the early days of realizing how this shift to decentralized finance and cryptocurrency will create enduring advantages in insurance, but we believe that offering bitcoin as an option for premium and claims payments would be an important first step,”
source: https://finance.yahoo.com/news/metromile-plans-adopt-bitcoin-offer-120000933.html
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