CRYPTO INSURANCE

Iran has introduced a new system called Hormuz Safe, a digital insurance platform to help ships pass safely through the Strait of Hormuz. Instead of traditional insurance, vessels will pay using cryptocurrency. The plan is led by Iran’s Economy Ministry, which claims it can manage the strait better

Dubai Insurance has made a bold move by introducing a crypto wallet for its customers. This wallet allows people to pay insurance premiums and receive claims using digital currencies like bitcoin. It's a big deal because Dubai Insurance is the first in the world to offer this service. The company w