1. PixelPlaygroundHome
  2. Metaverse Insights

What is the use of insurance currency (insurance currency app)

• Metaverse Insights • 112 views

What is the use of insurance currency (insurance currency app)

What is the use of insurance currency In the field of blockchain, we can use encryption technology to create a digital currency, such as Bitcoin. This type of digital asset is issued through smart contracts. It can be circulated anywhere. But its value is not always determined or controlled by a single person or organization. On the contrary, it is a new form of economic means and mechanism established with its personal credit as a support. At present, there are many token based digital assets based on Ethereum network in the market, such as Ruibo Coin, Xingxing Coin, Huobi, etc. These are all digital assets on the blockchain. Therefore, they can also be applied to various financial industries So how can we convert these digital assets into cash? It’s actually very simple! People can transfer a certain amount of funds to the bank account and generate a certain Stablecoin USDC. If this number is used to exchange the corresponding legal currency, users need to provide Fiat money such as US dollars as collateral to obtain it. Of course, there is also a possibility: when you want to buy insurance, you give the money to someone else, who buys an insurance for you, and then asks everyone to buy something (similar to Alipay), so you can complete the premium payment. So, you don’t need to go to the exchange to buy this digital asset. You can directly store it in your own bank and extract it at any time without worrying about losing or losing your private key In addition, there are also some projects preparing insurance products for themselves, such as Bitter Deer’s “Thunder Mountain” plan, which includes a new platform called “Thunder Mine Pool” that allows users to earn profits by participating in mining, and even has the opportunity to become one of the world’s largest BTC traders. In addition, according to the official website, the business scope of the platform involves digital Property insurance and insurance fund management services. Insurance currency is a virtual commodity that, unlike physical insurance, does not have a fixed price or pricing method. However, some people also believe that due to its anonymity, tamper resistance, and difficulty in tracking, its value is being paid attention to by investors, which in turn has an impact on prices. Thunder God Cloud “is a software system specifically designed to protect natural resources, aimed at helping humans restore normal life. But not everyone knows that Thunderobot will use it to develop the algorithm Stablecoin – Thunderobot coin. (Daily Planet News note: Raytheon Coin is a digital token, abbreviated as DC, developed by a company called Ted in the United States.)

Insurance Coin App

According to official news, recently, the Insurance Coin App (hereinafter referred to as “App”) was officially launched. Users can download the app and experience related services on this app. According to the introduction, apps are divided into three categories, namely security accounts, transaction accounts, and wealth management treasure. Among them, insurance accounts are the core assets, mainly used for digital currencies such as BTC and ETH for insurance and claims settlement According to the rule: At the end of the opening day of this period, only legal currency purchases are supported; If there are no transfers or changes within the next 2 hours, please contact customer service for confirmation in a timely manner to avoid losses; If abnormal fund transfer situations are found, corresponding information can be queried through the bank to ensure that the user’s funds are not affected by losses and there is no risk of running away. The specific information needs to be announced later.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/22119/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/05/2023 23:33
Next 08/05/2023 23:56

Recommended articles