Metromile invests in bitcoin and shares crypto vision

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1 minute read

  • Metromile, a Nasdaq-listed auto insurance company, has invested $1 million in bitcoin.

 

  • The investment is part of a long-term plan that will see Metromile “become the first insurance company to allow policyholders the option to pay for insurance and receive payment for eligible claims in either bitcoin or dollars.”

 

  • As the adoption of cryptocurrency grows rapidly worldwide, the San Francisco-based company says it is becoming clear that the decentralisation of finance has the potential to shift consumer behaviour and financial infrastructure.

 

  • “We believe that allowing cryptocurrency payment is fully aligned with our commitment to innovation, equitability, and promoting financial resilience,” said Metromile in a Q1 letter to shareholders.
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On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @LunoGlobal.

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