Post
Topic
Board Economics
Re: Investing in Life Insurance using Cryptocurrency
by
Wapfika
on 09/04/2021, 13:32:54 UTC
Is this even possible? What are the benefits? Cryptocurrency price is not stable, today is higher than never before and tomorrow can drop a lot. Who is the one to win in this situation? Or it's a scheme not to cover your finances and taxes? I have insurance from average payout for life insurance and paid with cash only, after analysis the advised for me best face amount plant. From my perspective was very convenient. Never thought that somehow crypto could be involved and used for such services! Sounds doubtful but in the same time I know many will rejoice at such a choice.
The only way to pay now via crypto in some known insurance companies is when there's a app operated or registered in which country you are. There are no direct way yet to pay bitcoin without converting in fiat from big insurance companies but who knows soon when adoption evolves more. In my country those who pursue the importance of life insurance also posted some updates in BTC. Sooner it will develop till transaction became convenient and trusted.