{"id":42046,"date":"2021-05-06T19:47:33","date_gmt":"2021-05-06T16:47:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42046"},"modified":"2025-08-30T21:29:10","modified_gmt":"2025-08-30T18:29:10","slug":"us-auto-insurer-metromile-to-offer-bitcoin-payouts-to-customers","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/us-auto-insurer-metromile-to-offer-bitcoin-payouts-to-customers\/","title":{"rendered":"US auto insurer Metromile to offer Bitcoin payouts to customers"},"content":{"rendered":"<p>San Francisco-based Metromile, which sells pay-per-mile car insurance on its digital platform, announced that it will soon allow customers to pay bills and receive reimbursements in Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">The digital insurance provider, Metromile, will begin accepting <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> and other <a href=\"https:\/\/twitter.com\/hashtag\/cryptos?src=hash&#038;ref_src=twsrc%5Etfw\">#cryptos<\/a> for premium payments and will also begin to pay claims in crypto. <\/p>\n<p>Metromile is the first insurance provider to make such a move. <a href=\"https:\/\/t.co\/YfkUV2lWso\">https:\/\/t.co\/YfkUV2lWso<\/a><\/p>\n<p>\u2014 TheStreet (@TheStreet) <a href=\"https:\/\/twitter.com\/TheStreet\/status\/1390317428614352896?ref_src=twsrc%5Etfw\">May 6, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The firm plans in the second quarter of 2021 to purchase its first cryptocurrency worth $10 million to back its decision.<\/p>\n<p>The company said that &#8220;allowing cryptocurrency payments will support its drive toward more equitable insurance and bolster policyholders&#8217; financial resilience.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Metromile gives drivers the option to choose how they want to pay for their insurance. We started by giving people the opportunity to save 47% annually by paying per mile, and now we want to offer flexibility in payment and reimbursement to their choice&#8221;, said the firm&#8217;s CEO Dan Preston.<\/p>\n<\/blockquote>\n<p>Metromile noted that it will work closely with regulators to address potential issues.<\/p>\n<p>The company did not specify timelines for implementing cryptocurrency payouts or for accepting premiums.<\/p>\n<p>As reported in April 2021, the Swiss unit of AXA Group <a href=\"https:\/\/forklog.com\/en\/news\/axa-begins-accepting-bitcoin-payments-in-switzerland\">added<\/a> the option for customers to pay bills in Bitcoin.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Francisco-based Metromile, which sells pay-per-mile car insurance on its digital platform, announced that it will soon allow customers to pay bills and receive reimbursements in Bitcoin.<\/p>\n","protected":false},"author":1,"featured_media":42047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1198,508,26],"class_list":["post-42046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-payments","tag-insurance","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=42046"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42046\/revisions"}],"predecessor-version":[{"id":42048,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42046\/revisions\/42048"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/42047"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=42046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=42046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=42046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}