Dubai Insurance, Premium Payment with Crypto Wallet in Bitcoin

Pioneering Crypto Development by Dubai Insurance

Dubai Insurance has initiated a groundbreaking move in the traditional insurance sector worldwide by launching a crypto wallet that allows customers to make premium payments in Bitcoin, receive compensation, and transact with digital assets.

Integration of Digital Assets

This new wallet was developed in collaboration with Zodia Custody, supported by Standard Chartered. This step aligns with the efforts of the United Arab Emirates to integrate digital assets into mainstream finance. Within a framework of clear and transparent regulatory rules, this development aims to provide the insurance sector in the region with regulated, on-chain infrastructures.

Increase in Transparency and Efficiency

Management officials emphasized that this move aims to enhance transparency, efficiency, and customer experience. At the same time, the preservation of strict governance and security standards is also a priority.