Dubai Insurance launches digital wallet supporting cryptocurrency payments and claims
Foresight News reported, according to Cointelegraph, that Dubai Insurance has launched a cryptocurrency-supported digital wallet, allowing policyholders to pay insurance premiums and receive claim settlements using digital assets. This wallet was developed in collaboration with Zodia Custody and is built on its institutional-grade custody infrastructure. It is the first such insurance service to operate within the existing regulatory and compliance framework in the UAE. Dubai Insurance was established in 1970 and provides general and life insurance products throughout the UAE. The company has not yet disclosed which digital assets will be supported initially, nor has it clarified whether the wallet will be applied to all of its insurance products.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The AI feast continues! Anthropic (ANT.US) IPO oversubscribed six times, expected to surpass SpaceX as the "largest IPO in history"
According to sources familiar with the matter, Anthropic PBC's initial public offering (IPO) has attracted orders that are approximately six times the available shares for subscription, as market interest continues to rise in what could become the largest IPO in history.
Yen stalls at 160.00 on Tokyo's warning ahead of Japan's growth data
AI Chip Expansion Continues, Applied Materials (AMAT.US) Q1 Revenue Guidance Exceeds Expectations
Applied Materials reported Q4 revenue of $10.41 billion, surpassing expectations and setting a record for the full year. Its Q1 guidance also exceeded forecasts, driven by strong demand for AI chips, and the stock rose about 3% after hours.
Crypto prices
More
