According to Foresight News , citing Cointelegraph, Dubai Insurance has launched a cryptocurrency-enabled digital wallet that allows policyholders to use digital assets to pay premiums and receive claims settlements. Developed in partnership with Zodia Custody and built on its institutional-grade custody infrastructure, the wallet is the first of its kind operating within the UAE's existing regulatory and compliance framework. Dubai Insurance, founded in 1970, offers general insurance and life insurance products throughout the UAE. The company has not yet disclosed the initial types of digital assets supported, nor has it clarified whether the wallet will be applicable to all its insurance products.
Dubai Insurance launches digital wallet supporting cryptocurrency payments and claims.
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