Protection against risk of theft and attacks of hackers on wallet smart contracts. The Swiss crypto trading house won a securities license from its home regulator – putting it on equal footing with traditional lender in what products and services it can offer. Coincover. Major firms and enterprises are accepting them as a way of payment and gradually it is looking forward to replacing the traditional money. It has helped to shape the crypto- and blockchain ecosystem in Switzerland and has been a driving force in the development of the ‘Crypto Valley’ and ‘Crypto Nation Switzerland’ Bity: The Swiss gateway to convert money into cryptocurrencies and digital assets. Although not officially registered, CryptoIns promises to assure safety in a sector plagued with risks of theft. Join the community. As a result of the partnership, Atupri Health’s policyholders will be able to make Bitcoin and Ethereum payments. Closing words – blockchain outside the insurance industry “At Swiss Re we strongly believe that our goal is to make this world more resilient.” Jags highlights that blockchain isn’t just confined to the insurance industry. View the latest gainers and losers in the Trending page, all cryptocurrency market UK price data is automatically updated 24/7. Atupri, a Swiss health insurance provider, said Monday that its 200,000 customers will now be able to make payments using bitcoin and ethereum. Swiss Health Insurance Company and Crypto Payments. The Swiss insurer has partnered with crypto financial services company, Bitcoin Suisse, to allow its 200,000 policyholders to make payments using either Bitcoin or Ethereum. ETH, or tokenized car) drops by 90% or more. Swiss Financial Market Supervisory Authority FINMA Laupenstrasse 27 , 3003 Bern Phone +41 31 327 91 00 , Fax +41 31 327 91 01 Benzinga Money is a reader-supported publication. Designed. Regulators and financial exchanges in the Middle East region are working to ensure that finance is Sharia-compliant. Cryptocurrencies such as Bitcoin, Litecoin, and others are famous around the world. CoinJournal Press Team. The cryptocurrency space is beginning to attract the Islamic financial world. Policy pays up to 100% of the issued loan amount if value of collateral provided by the borrower (i.e. Crypto Payments Incorporated into Swiss Health Insurance Company. Market Cap data is also listed for leading cryptocurrencies including Ripple XRP, Bitcoin BTC, Ethereum ETH, Tether USDT, Polkadot DOT, Stellar XLM, Litecoin LTC, Bitcoin Cash BCH, Bitcoin BSV, and EOS. Get a refund on the 31st day if your crypto exchange fails. Swiss health insurance firm integrates crypto as payment option. 31 August 2020 – Atupri Health Insurance is the first Swiss insurance provider to accept cryptocurrencies. Reading Time: < 1 minute Atupri Health Insurance, a major Switzerland health insurer, has announced that they now offer payment options in crypto. Crypto Wallet Insurance. The announcement was made on 31st August by Atupri Health Insurance. Atupri, based in Bern, will not be holding any digital assets itself, but rather just receiving fiat payments in Swiss francs once the BTC or ETH is exchanged by Bitcoin Suisse. Published. Crypto Insurance (CryptoIns) is a company under the full control of ASPIS SA, a Swiss insurance broker. Swiss Crypto's Dark Horse The pandemic outbreak in March didn't favor the process of winning a bank license, the company noted. Atupri is the first Swiss insurance to accept crypto-currencies The health insurance company Atupri enables customers to pay their bills with Bitcoin and Ether. According to a recent announcement, published yesterday, August 31st, a health insurance company, Atupri Health, will partner with Bitcoin Suisse, a major crypto financial services company. The company is currently partnering with the crypto financial services company Bitcoin Suisse. “Crypto Insurance” means insurance product offered by the risk providing online platform. Hacks which have ended in the loss of hundreds of millions in investor capital. CryptoSlate recently had the opportunity to chat with the Managing Director of Nexo, Antoni Trenchev. Fostering Broader Crypto Adoption With the addition of bitcoin and ether as supported payment methods, Atupri Health Insurance has gone into the history books as the first Swiss insurer to integrate cryptos into its operations, effectively solidifying its position as an innovative provider of digital solutions in the country’s health ecosystem. The health and accident insurance takes thereby the pioneer's role in Switzerland concerning the payment possibilities with crypto-currencies. We may earn a commission when you click on links in this article. November 12, 2018. They offer deposit protection, crypto key storage and recovery, lost key protection, cryptocurrency wills, theft insurance and accumulation plans for our customers. By contrast, often insurance policies covering crypto assets are shared across multiple clients of a custodian, explained Alex Daskalov, co-founder and CEO of KNØX. News Desk. Lausanne/London, 11 June 2019 – Swiss financial technology company, ... a Director within Aon’s UK Financial Services Team said “Aon is pleased to have pioneered the formation of an insurance solution covering theft of crypto assets for the benefit of METACO’s customers while utilising the SILO platform. Crypto Insurance for your business. A Class 1 National Insurance contributions liability may also arise under Regulation 22B and paragraph 2A of Schedule 3 to the Social Security (contributions) Regulations 2001. Exchange insurance is likely one of the more needed insurance products given the numerous hacks over the past decade. *Insurance products may be underwritten by North American Capacity Insurance Company, North American Specialty Insurance Company, or an affiliated company, which are members of Swiss Re Corporate Solutions. Swiss Telecom Company Is Bringing Crypto Collectables to TV. The Crypto Finance Group brokerage, Crypto Broker AG, has been granted a licence as a securities house with a bilateral trading facility by FINMA, the Swiss Financial Market Supervisory Authority. This gives their policyholders the convenience of processing payments using either Bitcoin (BTC) or Ethereum (ETH) through Bitcoin Suisse. 295. 2 years ago. By. Swiss Crypto Company, X8 Obtains Islamic Finance Certification. Those with Bitcoin or Ethereum will now have the option of making payments with both of these digital currencies. Swiss Approach Of Regulating Crypto. Started in 2018 Coincover is a #1 brand providing insurance protection for crypto wallets. 03 September 2020 09:40, UTC . Another Swiss Firm Goes Crypto. A major health insurance provider in Switzerland has made Bitcoin and Ether payments available to its policyholders. The Switzerland-based health insurance provider announced it’ll be accepting payments in the form of cryptocurrencies from its customers. Switzerland has no crypto-specific regulation because it decided to apply its existing laws also to crypto. Here is where the partnership benefits from Group IB. September 1, 2020. Business . The Zurich-based company's brokerage arm won a securities house license from Swiss regulator Finma, it said in a statement on Monday. Target coverage - up to $1M. Evaluations of Crypto Insurance: To evaluate this company please Login or Register . 1 min read. All Crypto Prices in GBP / British Pound Sterling. A major health insurance provider made the decision to accept crypto payments. Atupri Health Insurance has announced that its policyholders can now make crypto payments with Bitcoin or Ether. Join the community. As a financial intermediary, CBAG is subject to the Swiss Anti-Money Laundering legislation, and, as such, a member of the Financial Services Standards Association (VQF) (“VQF”). Maximum limit of liability per each event is $7000000.