Insurer Begins Accepting Cryptocurrency For Premium Payments

Michigan-primarily based Universal Fire & Casualty Insurance Co. has began accepting cryptocurrency for premium payments. “UFCIC is uniquely propelling itself forward as a multi-line, multi-solution insurer by embracing innovative technologies, hugely-responsive distribution solutions and consumer service portals, special solution positioning, and advanced analytics leveraging predictive models, artificial intelligence and Big Data resources,” Timm stated. UFCIC stated it is accepting a variety of cryptocurrencies which includes Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, for premium payments for direct on line license and permit bonds and other surety bond solutions. Tesla had been accepting Bitcoin for automobile purchases but stopped, promising to resume when cryptocurrency miners attain 50% clean energy usage. “Early in the development of UFCIC’s innovation plan it became evident that the use of crypto for mainstream customer insurance coverage transactions was not a matter of if, but when,” John Lucker, the company’s chief tactic and analytics officer, stated. If you cherished this posting and you would like to obtain far more facts with regards to polkadot crypto Review kindly take a look at the website. While demand is escalating, many economic firms nevertheless see cryptocurrency as risky and handful of insurers are willing to underwrite the dangers. Fans of the sports teams Dallas Mavericks and Miami Dolphins can use bitcoin to acquire tickets and concessions, according to BuyBitcoin. In May, spend-per-mile auto insurer Metromile announced that it would let buyers use bitcoins to obtain insurance coverage or get payments for claims, beginning later this year. The payments firm PayPal and a number of main retailers such as Microsoft, Home Depot, Starbucks and Whole Foods accept Bitcoin. The enterprise, which insures compact businesses and delivers surety bonds items, says the move is to improve its competitive market position as element of a broader innovation plan. The enterprise claims its payment process is seamless by means of its portal with the monetary exchange handled by UFCIC’s payment processor. The insurer is not the only insurance organization letting buyers use Bitcoin to buy insurance coverage.

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Despite the fact that it was meant to be an escape from small business, he ended up starting a new one within a few months of moving there. Then in 2012 his neighbour was murdered – with McAfee saying that he believed he was the target but the assassins entered the incorrect residence. What does McAfee say happened in Belize? Did Johnny Depp play McAfee in a film? He alleges in 2011 he caught wind of a government plot to kill him. Belize cops still insist he was a “individual of interest” in his neighbour’s death, but he denies any involvement and accuses regional authorities of corruption. Nonetheless, Assortment reported that Michael Keaton will play McAfee in the film. In May perhaps of that year he mentioned his jungle compound was stormed by 42 paramilitary soldiers, who shot his dog, destroyed house and arrested him on charges that had been later dropped. In March 2017 it was reported that Johnny Depp would be portraying McAfee in a film titled King of the Jungle. Depp was initially attached to the project. In response to this he enhanced his safety and carried on verbally attacking the government. McAfee claims he recorded solutions the government was taking into consideration to get rid of him, including sniper attack and planting explosives in his automobile.

Therefore, the blockchain can be viewed as a distributed immutable ledger. In this section, we describe the proposed program architecture to style a Bitcoin-based safe and reliable incentive scheme for VDTNs. Moreover, the fairness to a source place server is assured by exploiting the 2-of-2 MultiSig transaction, in which the signature of the location server is expected as effectively as vehicle’s, so that the forwarding automobile can be permitted to invest the coins provided as incentives as soon as the vehicle truly arrives at the location point. Anonymity of the automobiles participating in the communication is guaranteed by the use of Bitcoin public keys, and the automobiles are stimulated to assistance message shop-carry-forward from one location to yet another place by paying them Bitcoin as incentives. Opportunistic networking applications on VDTNs can be characterized by shop-carry-forward communications with the support of moving vehicles in the circumstance where a direct communication link is not always doable involving source to location.

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