Bitcoin Adoption Explodes: AXA Switzerland Allows Customers To Pay Premiums In BTC

Bitcoin and crypto adoption has been one of the main goals that the crypto industry has set. There have been a lot of moves made in this direction, and they continue.

Now, it’s been just reported that the insurance giant AXA Switzerland now allows customers to pay premiums in bitcoin.

The news was announced on Thursday, and AXA Switzerland said the BTC payment option is available for all its non-life products. Life insurance products do not support the option for “regulatory reasons.”

“This is AXA’s response to growing demand from its customers for alternative payment solutions, with new technologies playing an ever-greater role,” said Claudia Bienentreu, head of open innovation at AXA Switzerland.

The BlockCrypto online publication noted that “AXA holds no bitcoins on its balance sheet,” said the company.

It’s also important to note that AXA doesn’t charge any fee for using the BTC payment option, but Bitcoin Suisse charges a 1.75% commission to cover currency exchange and transaction fee costs.

MicroStrategy boosts BTC adoption

Recently, another important milestone that boosts the adoption of BTC was revealed.

Tesla, MicroStrategy and more are supporting BTC adoption, and they are definitely boosting the king coin’s price as well.

Now, the latest news will boost the adoption of BTC even more. Check it out below.

Also, it’s worth noting that not too long ago, we addressed three main reasons for which BTC can still grow – a lot.

There have been various BTC price predictions lately, and most of them are extremely bullish. It’s been just revealed that crypto influencer Coin Bureau offers three main reasons for which BTC still has plenty of room to grow for the current position. 

Stay tuned for more news.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.
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