Aspen Claims Service

Bitcoin Companies Beginning To Rely On The Insurance Industry

 Thursday, June 18, 2015

 Live Insurance News

Lloyd’s of London has released a new report that highlights the risks associated with digital currency, particularly Bitcoin. These currencies are becoming more common throughout the world, being used to purchase products online. In the case of Bitcoin, volatility is a very serious concern, as the value of a single Bitcoin fluctuates wildly on a regular basis. The report from Lloyd’s of London is meant to shed some insight on the risks associated with insuring businesses based on Bitcoin. Bitcoin has become one of the most prominent digital currencies in the world.