SoEasy Insurance starts accepting cryptocurrencies

07:12 - 27 January 2024

Companies Financial Services

SoEasy Insurance announced that it has started accepting cryptocurrencies for travel insurance, with plans to extend it to other types of insurance, becoming Cyprus' first company in this line of business to do so.

“SoEasy Insurance Brokers, true to their philosophy of continuous innovation, has started from January 1, 2024 accepting cryptocurrencies for the insurance premiums payment from customers,” the company said in a press release.

This development confirms the company's commitment to innovation and adaptability to new technology trends, it added.

This innovative technological solution is initially applied to Travel Insurance, while the company's plans are to gradually extend it to other types of insurance, over the next time-period. “The implementation of this solution marks a new milestone in the Cyprus Insurance Market, making SoEasy Insurance a pioneer in accepting digital currencies,” it said.

SoEasy Insurance CEO Yiannis Nikolaou said: “The decision to start accepting cryptocurrencies for insurance premiums payment reflects our dynamic approach and adaptability to the modern needs of our customers. We believe this step will enhance flexibility and offer more choices to our policyholders, while at the same time establishing our position as a leader in the insurance market.”

The payment process using cryptocurrencies is carried out via one of the largest and most valid cryptocurrency exchange platforms. The only thing a customer has to do is choose the specific payment method and connect to their account on the specific platform.

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SoEasy Insurance starts accepting cryptocurrencies

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