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Bitcoin

Julie Campbell

Companies that have been hoping to be able to open up to new types of currency and payments opportunities but who would also like to minimize the risk connected with doing so will now be able to obtain Bitcoin insurance from another provider, as Great American Insurance Group has announced that it is offering this type of protection.

THIS VIRTUAL CURRENCY HAS BEEN CREATING QUITE A STIR BUT IS MAINTAINING ITS GROWTH IN ADOPTION.

The insurer’s crime policies didn’t yet cover what it referred to as “virtual peer-to-peer mediums of exchange.” That being the case, businesses that were looking to branch out into other forms of transaction have been rather limited in their opportunities unless they were willing to take on the entire extent of the risk onto themselves. However, Great American has recognized that the need for this protection is growing and has therefore formed a new…

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