Fun

Major Swiss Insurer Adds Bitcoin and Ether Payments

News Feed - 2020-09-02 03:09:54

Major Swiss Insurer Adds Bitcoin and Ether Payments


Atupri, a Swiss health insurance provider, said Monday that its 200,000 customers will now be able to make payments using bitcoin and ethereum. The 110-year old firm claims it is the “first” insurer in Switzerland to accept cryptocurrencies.


In a statement, Atupri said payments will be made through local regulated crypto financial firm Bitcoin Suisse, with which it has partnered. The Bern-based health company will not hold any bitcoin (BTC) or ether (ETH), only the converted cash it receives from Bitcoin Suisse.


“As digital pioneers in the health sector, we anticipate social trends and offer insurance solutions with long-term prospects,” said Caroline Meli, Atupri head of marketing and sales.


“Blockchain technology and the associated use of cryptocurrencies will become increasingly important,” she added.


Founded in 1910 as a company health insurance fund for the Swiss Federal Railways, Atupri has grown into one of the biggest health insurers in the central European country. In 2019, the firm reported a premium income of $885 million.


Armin Schmid, head of Bitcoin Suisse crypto payments, said: “We are pleased about the partnership with Atupri and guarantee secure and uncomplicated payment options with cryptocurrencies.”


Among other things, Bitcoin Suisse handles the trading of digital assets for customers. It also offers crypto custody services.


In May, the company added gold, silver, and platinum to its platform, allowing users to trade the precious metals against both BTC and ETH, as well as five other major fiat currencies. The precious metal trades are available for 24/7 trading with immediate cash settlement, it said.


Switzerland, with its crypto tax haven of Zug, has taken a progressive stance toward crypto assets by legalizing its use and formalizing crypto transactions in a range of different contexts. The country sees virtual money and blockchain technology as strategic innovations in global finance.


What do you think about Atupri accepting bitcoin payments? Let us know in the comments section below.Prepping for an Airdrop: Prominent BCH Community Members Bid Bitcoin ABC Devs Farewell NEWS | 8 hours agoAkon Unveils Major Details of $6 Billion Cryptocurrency City: Real-Life WakandaNEWS | 11 hours agoTags in this storyArmin Schmid, Atupri Health Insurance, bitcoin suisse, Bitdoin payments, Caroline Meli, Crypto Valley, Switzerland, Zug


Image Credits: Shutterstock, Pixabay, Wiki CommonsSpot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here.Show comments

News Feed

USDC trading volume soars 48% in July, driven by MiCA, market growth
Ana Paula Pereira4 hours agoUSDC trading volume soars 48% in July, driven by MiCA, market growthThe market capitalization of stablecoins increased by 2.1% to $164 billion in July, the highest level since April 2022.2621
El Salvador Drafts 20 Bills for Legal Structure of Bitcoin Bonds — Funds to Be Used to Build Bitcoin City, Buy BTC
El Salvador Drafts 20 Bills for Legal Structure of Bitcoin Bonds — Funds to Be Used to Build Bitcoin City, Buy BTC El Salvador is preparing to introduce 20 bills to provide a leg
EverEarn Ethereum Blockchain Public Presale With USDC Rewards
EverEarn Ethereum Blockchain Public Presale With USDC Rewards press release PRESS RELEASE. As if the cryptoverse needed more reasons for people to be fearful, both FTX and BlockFi r
Report: Nigerian Securities and Exchange Commission Sets Up Fintech Division for Crypto Research
Report: Nigerian Securities and Exchange Commission Sets Up Fintech Division for Crypto Research Nigeria’s securities regulator, the Nigerian Securities and Exchange Commiss
Several Crypto Mining Operations Busted in Russia
Several Crypto Mining Operations Busted in Russia Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking
Elon Musk’s first brain chip patient plays online chess with his mind
Tom Mitchelhill8 hours agoElon Musk’s first brain chip patient plays online chess with his mindThe first patient to be implanted with Musk’s Neuralink device described the experience as “using the force” to contr
Topps Plans to Auction Rare 1952 Mickey Mantle NFT Card Minted on Ethereum
Topps Plans to Auction Rare 1952 Mickey Mantle NFT Card Minted on Ethereum The American firm that produces Bazooka chewing gum, candy, and collectibles, Topps has announced the com
Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session
Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session Quant was one of the biggest gainers to start the weekend, as price remained close to a multi-we
JPMorgan Predicts $146K Bitcoin Price as Competition With Gold Escalates
JPMorgan Predicts $146K Bitcoin Price as Competition With Gold Escalates JPMorgan’s analysts have made a case that bitcoin’s price could reach $146,0
Cointelegraph Innovation Circle8 hours ago11 Bitcoin blockchain metrics TradFi organizations should watchTracking Bitcoin blockchain metrics can provide a window into the overall health of the crypto community.338 Total
William Suberg6 hours agoNew BTC price levels to watch as Bitcoin avoids $36KBTC price liquidity is on the move as analysts say the Bitcoin “gameboard is changing” — another squeeze may result.4971 Total views7 To
US Financial Regulators Join UK FCA’s ‘Global Sandbox’
Four U.S. regulators joined the Global Financial Innovation Network, an international alliance of government regulators led by the UK’s Financial Conduct Authority seeking to bolster the future of fintech.