Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: emma.lee1890 on December 01, 2018, 09:29:47 AM
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I dont know how a bitcoin bank would work but a bitcoin insurance company might be something to pursue.The idea is that premiums are worked out based on the risk of losing wallets and the rate of fraud with paypal chargebacks and other calamities that could cause a loss of your wealth. You would pay a premium each month and cover a set rate of any losses you suffer.
Would you pay an insurance premium for such a service with bitcoins and what measures would the insurance company need to take to protect its members from fraudulent claims ?