Reporte: Chinese Company Launches Digital Currency Insurance Product

The Suzhou branch of the Chinese insurance company China Pacific Insurance, together with the Bank of Communications, recently announced the launch of a digital currency account insurance product. The launch comes at a time when the number of personal digital currency wallets created in the Chinese city of Suzhou alone now exceeds 30 millón.

Contenido

Insurance Product ‘Guarantees’ Security of Digital Wallets

De acuerdo con el reporte, the Suzhou branch of China Pacific Insurance along with the Bank of Communications branch in the same city, recently launched what has been described as the Asian country’s first central bank digital currency insurance product. It added that the launch “lays the foundation for the continuous and in-depth promotion of digital renminbi.”

Besides helping to widen the use cases of the digital yuan, according to the report, the new insurance product guarantees the “security of the personal digital currency wallet.”

As explained in the reporte, Suzhou, a major city in China’s Jiangsu province, is one of the cities selected to participate in the digital renminbi pilot. To date, más que 30 million digital currency or e-CNY wallets have been created. It is this growth in the number of wallets that has raised the importance of having an appropriate insurance product available to users of the e-CNY, el informe dijo.

Explaining how the insurance product works, the report states that if personal funds are stolen or if the password of a wallet is compromised during the guarantee period, the affected wallet user will be able to lodge a claim. Since the insurance product’s launch, sobre 500 gente, including students of Soochow University Business School and employees of Zhangjiagang government agencies, have reportedly signed up.

Starting in 2020, China Pacific Insurance’s Suzhou branch has been expanding the use of the digital yuan by way of increased cooperation with stakeholders such as the government, bancos, and B-end and C-end customers. The report said these stakeholders are tasked with the job of collecting insurance premiums, paying indemnities, and issuing employee salaries and benefits.

Etiquetas en esta historia

¿Cuáles son sus pensamientos sobre esta historia? Háganos saber lo que piensa en la sección de comentarios a continuación..

Terence Zimwara

Terence Zimwara es un periodista galardonado de Zimbabue, autor y escritor. Ha escrito extensamente sobre los problemas económicos de algunos países africanos y sobre cómo las monedas digitales pueden proporcionar a los africanos una vía de escape..














Créditos de imagen: Shutterstock, pixabay, Wiki Commons

Descargo de responsabilidad: Este artículo es solo para fines informativos.. No es una oferta directa o solicitud de una oferta para comprar o vender, o una recomendación o respaldo de cualquier producto, servicios, o empresas. Bitcoin-Tidings.com no proporciona inversión, impuesto, legal, o asesoramiento contable. Ni la empresa ni el autor son responsables, directa o indirectamente, por cualquier daño o pérdida causado o presuntamente causado por o en relación con el uso o la confianza en cualquier contenido, bienes o servicios mencionados en este artículo.

Leer Descargo de responsabilidad