Pay You Car Premium and Receive Claims in Bitcoin
Evening
San Francisco based pay-per-mile auto insurance company, Metromile will soon accept bitcoin as mode of premium payment and even pay out claims in bitcoin.
Contrary to conventional insurance, Metromile's Pay Per Mile Insurance offers policy holders rates as per their driving habits. Pay Per Mile method is especially attractive for less frequent drivers.
Metromile will be the first car insurance platform to accept premiums and pay claims in Bitcoin. The policy holders will have a choice to either choose US dollar or bitcoin.
The announcement said:
Bitcoin is coming to our digital insurance platform! Soon we’ll be the first insurance company to both accept premiums and pay claims in cryptocurrency. After all, everyone deserves more choice; it’s only fair.
Metromile also plans to buy $10 million worth bitcoins latter this year to smooth out the transition to cryptocurrency.
Metromile bitcoin adoption plans came as more and more companies, from big tech to airlines, are already stated accepting crypto payments.
Personally, I feel it would be nice option to pay premiums and get claims in the form of Bitcoin.
See you the moon!!!
Posted Using LeoFinance Beta