Bitcoin-Based, Peer-To-Peer Insurance Company Teambrella Releases Pre-Launch Demo Version
Teambrella, the innovative Bitcoin-based peer-to-peer insurance company, recently released a demo-version of its service. In anticipation of the product launch, anyone can now experience what Teambrella will look like and test how it will work. To gauge the process on Teambrella, Bitcoin Magazine spoke with Alex Paperno, one of three developers behind....
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Russian software architects and entrepreneurs Alex Paperno, Eugene Porubaev and Vlad Kravchuk plan to take the insurance company out of insurance. Their Teambrella, a Bitcoin-based peer-to-peer insurance platform, allows users to provide each other coverage for whatever they want, however they want, and without requiring any trusted intermediaries. Paperno: “Anyone who ever needed a reimbursement knows that insurance companies are actually not interested in paying out at all; it’s not in their benefit to help their customers. We intend to remove that conflict of interest, and make....
Teambrella, a peer-to-peer insurance system that utilizes bitcoin wallets and multi-signature addresses, recently released a demo on its website to show how the self-insurance system works. Teambrella uses bitcoin multi-signature addresses to allow users to manage the flow of funds in a trustless, decentralized way. It will initially offer supplemental coverage for collision car insurance and pet veterinary insurance, with more types to come. Members Insure Each Other. Under Teambrella, users insure each other. They retain control over their own funds at all times. Reputation systems....
Various aspects of the financial sector need to be made more transparent. Teambrella aims to become a peer-to-peer insurance service utilizing Bitcoin and blockchain technology, giving users full control over all aspects of finance. Anyone who has ever dealt with an insurance company in their life will have noticed the experience is not all that....
Organisations looking to minimize the risks associated with bitcoin can now obtain virtual currency insurance coverage courtesy of Great American Insurance Group. The company's crime policies currently do not cover what it calls "virtual peer-to-peer mediums of exchange". As such, a new form of protective coverage has been made available through its Fidelity/Crime Division to both commercial and government policyholders. Great American explained its decision, stating: "Standard crime insurance policies, including Great American's crime policy, currently do not automatically provide....
Peer-to-peer bitcoin lending platform CredibleFriends has successfully pitched on BnkToTheFuture, where it has already raised $51,000 or 20% of its funding goal. P2P Lending ‘Ready for Version 2’. CredibleFriends, which allows friends to lend each other money based on trust and aims to spread bitcoin use among lay consumers, is aiming to raise $250,000....