Evertas Launches On-Chain Insurance Policies Backed by Lloyd's of London

Wednesday, 31 July 2024, 12:18

Evertas, a cryptocurrency insurance provider backed by Lloyd's of London, has partnered with Nayms to introduce on-chain insurance policies paid for in cryptocurrencies. This strategic collaboration enables users to obtain secure insurance coverage for their digital assets through Ethereum-based smart contracts. As the demand for crypto insurance rises, this innovation marks a significant step in bridging traditional insurance with the evolving blockchain landscape.
CoinDesk
Evertas Launches On-Chain Insurance Policies Backed by Lloyd's of London

Introduction

Evertas is a cryptocurrency insurance underwriter that carries the prestigious backing of Lloyd's of London. The company has announced a new partnership with

Nayms

to offer innovative insurance solutions.

Details of the Partnership

The collaboration allows clients to purchase on-chain insurance policies that can be paid for in cryptocurrency, specifically utilizing Ethereum's smart contract capabilities.

Benefits of On-Chain Policies

  • Security: Provides enhanced security for digital assets.
  • Convenience: Facilitates easier transactions in the crypto space.
  • Innovation: Represents a significant advancement in the integration of blockchain technology with traditional financial services.

Conclusion

This partnership by Evertas and Nayms showcases the growing intersection of cryptocurrency and insurance, addressing emerging needs in the digital asset market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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