Bitcoin for car insurance? Dubai becomes first to accept crypto for insurance premium
Dubai's DIFC now allows a regulated insurer to accept crypto for policies, a first in the UAE. This move integrates digital assets directly into insurance payments, enabling Bitcoin to cover SUV, apartment, or health insurance. The development leverages blockchain's efficiency and programmable nature, bypassing traditional fees and offering 24/7 transactions, aligning with the UAE's digital economy goals.
Dubai's DIFC now allows a regulated insurer to accept crypto for policies, a first in the UAE. This move integrates digital assets directly into insurance payments, enabling Bitcoin to cover SUV, apartment, or health insurance. The development leverages blockchain's efficiency and programmable nature, bypassing traditional fees and offering 24/7 transactions, aligning with the UAE's digital economy goals.
