The Atupri Health Insurance in Switzerland has announced that it will start accepting payments in the form of Bitcoin and Ether. The insurance company allied with the Bitcoin Suisse, a crypto-finance management platform founded in 2013.
Clients of Atupri, which is based in Bern, can make their payments via the platform, according to an announcement released on the last day of August. As of recent updates, Atupri has around 200,000 clients from all over the country. To clarify, the insurance company is not going to hold actual cryptocurrency assets. They would receive the amount in local currency (Swiss Franc) once the middle man – Bitcoin Suisse – converts the payments made.
The sales and marketing head of Atupri, Caroline Meli, says that the company is anticipating social trends and are offering new solutions that will be of benefit and convenience to their clients in the long run. As they preserve the role they play in healthcare, they are seeking to engage in the emerging technologies in the modern world, cryptocurrency being evidently one of them.
“As digital pioneers in the healthcare sector, we anticipate social trends and offer insurance solutions with long-term prospects,” says Meli.
More than a billion dollars in assets are in the custody of Bitcoin Suisse. For quite a few times, it has made incursions in a lot of different financial sectors. The platform included Tezos (XTZ) in its services, along with trading opportunities for gold, silver, and platinum. Rumors about security token launch happening next year are running about, and apparently enlisting the assets in its possession on the market exchange in 2022.
Switzerland is generally adapting to cryptocurrency transactions quite well. The Crypto Valley, a small region with an economy that utilizes cryptocurrency is one of the biggest reasons why the country is often predicted to become a crypto capital.
#Switzerland #SwissHealth #cryptocurrency
In the good old times, there were no #insurance companies, but people still shared risk. For example, merchants on a port would get together and divide their stocks into equal proportions and transport via different ships, instead of each merchant using one independent ship for themselves. This reduced individual risks by eliminating any single point of failure. Insurance was a #communitything back in the day.
However, things changed as the world grew. People wanted to trade beyond communities, neighborhoods, cities and countries. And hence came centralized powerhouses – the current form of insurance companies as we know. While they do a great job, the problem is that the return on investment that insurance companies (or any other centralized organization) makes from their network of customers, goes into managing the inefficiencies of the system. It seldom comes back in the right proportion to the people who helped grow the insurance company in the first place.
Projects like Nexus Mutual on the #Ethereum #blockchain are already disrupting the Insurance sector by eliminating the need for a board-room governed centralized intermediary with thoughtful alternatives that are on the path of decentralization. Insurance is once again becoming a #communitything, but this time, at scale.
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