P2P Insurance News

YoCoin Launches Decentralized Blockchain-Based Insurance Platform

YoCoin digital currency has announced the launch of YoCoin Insurance, a decentralized blockchain-based insurance platform. The YoCoin Insurance platform exploits various features of cryptocurrency blockchain including storage of financial transactions, forecasting, smart contracts, etc. to offer innovative smart contract-based insurance policies.

Insurers And Reinsurers Launch Blockchain Initiative B3i

Aegon, Allianz, Munich Re, Swiss Re and Zurich have launched the Blockchain Insurance Industry Initiative B3i aiming to explore the potential of distributed ledger technologies to better serve clients through faster, more convenient and secure services. If Blockchain technology proves viable, it could well streamline paper work and reconciliations for (re-) insurance contracts and accelerate information and money flows, while greatly improving auditability.

Frost Bank® Joins Early Warning® clearXchange® Network

Early Warning has confirmed San Antonio-based Frost Bank has joined Early Warning’s clearXchange network. Through the network, Frost Bank is now able to offer person-to-person (P2P) payments directly through its online and mobile banking platforms.

Technology Companies and Financial Institutions Select Visa Direct for Real Time Payments

Visa (NYSE:V) has announced that more companies in the United States are choosing Visa Direct to expand their real-time payment services. Visa Direct is a payments platform designed to allow financial institutions, developers and partners to offer secure real-time1 person-to-person (P2P) payments and business disbursements such as insurance claims payments, contractor payments, tax refunds and many other forms of business payment services.

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