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Tokyo-based insurance company Sompo Holdings has partnered with BitPesa to promote digitization of its international remittance service. The news comes weeks after another Japanese player, money transfer firm SBI Remit, teamed up with the blockchain company to bring distributed ledger to transactions between Japan and African countries. Japanese...
The Gemini cryptocurrency exchange platform has managed to secure insurance for its customers’ cryptocurrency holdings. The development should help the firm avoid the kind of hacks that have occurred against some of the industry’s other big names in recent years. Gemini Ramps Up Security Measures for Crypto Custody...
Between Harvey, Irma, Maria, and now Florence, the United States has seen an unprecedented amount of disastrous natural disasters that have devastated communities and have left billions of dollars’ worth of damages in their wake. Ethereum’s blockchain is now potentially being used to solved many of the resulting...
A U.S.-based multi-asset custody firm has announced that it will launch a fully insured storage option for clients seeking to secure their digital currency holdings. To facilitate this, Kingdom Trust has partnered with the respected insurer Lloyd’s of London. Kingdom Trust Brings Much Needed Insured Custody Solutions to...
The Korean Blockchain Association thought it was offering a win-win scenario to insurers when it previously held a briefing session to select a preferred carrier. It was offering insurance companies a package that included numerous exchanges while using that group to negotiate the best plan for its members, but due...
The use of blockchain in the insurance sector has been one of the major areas of interest as it has the potential to streamline the entire process, starting from buying a policy, to investigating incidents and fulfilling the claims. With the involvement of agents, middlemen and other third-party...
DB Insurance — one of South Korea’s four biggest property and casualty insurers and the company that holds South Korean cryptocurrency exchange Youbit‘s policy — has denied a claim that the exchange filed after a hack in December of last year drained it of “about 17% of [its] total assets.” Youbit claimed that the insurance...
There is nothing worse for cryptocurrency enthusiasts than having one’s Bitcoin balance stolen. If this involves an exchange or online wallet, there’s a chance money will be recovered eventually. In every other case, however, there is no recourse or way to get the money back. This situation temps...
FidentiaX, a Singapore based fintech start-up, has announced the launch of world’s first marketplace based on blockchain technology for tradable insurance policies. As per the recent announcement, the platform is currently in development phase and is capable of disrupting the status quo in the industry. The Objective The...
Many different types of projects are being developed on top of the Ethereum blockchain as we speak. Umbrella Coin is one of those projects and it has a lot of potential. More specifically, the team is looking into providing the next generation insurance platform. Life will happen in...
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