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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.
Metromile, Inc., a digital insurer headquartered in San Francisco, is making Bitcoin (BTC) a core part of its business operations, offering further evidence of growing mainstream adoption of digital assets. The company announced Thursday that it will soon give policyholders the option to pay for insurance and receive payment on eligible insurance claims in BTC or dollars. That makes Metromile the first insurance company to both accept premiums and pay insurance claims in cryptocurrency. Equally as notable, the company said it will allocate $10 million towards Bitcoin in the second quarter. Although it didn’t specify an exact date, a $10 million purchase equates to roughly 175.4 BTC at current price levels. The company said it believes that accepting crypto payments “will support its commitment to fairer insu

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Źródło: https://cointelegraph.com/news/nasdaq-listed-insurer-metromile-plans-10m-bitcoin-purchase

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