AXA eyeing bitcoin to help remittance market

AXA is eyeing bitcoin to help streamline the remittance market, according to Axa’s general partner of its VC fund, Minh Q Tran.

“We think that many use cases related to bitcoin have not already been explored. In particular we are very interested in how bitcoin, and more generally cryptocurrencies, might be used in the remittance market,” said Tran.

Aside from bitcoin’s use in the remittance market, AXA is exploring how blockchain technology could be used in fields such as real estate, wealth management, intellectual property and – crucially – insurance.

AXA is a French, multinational, investment banking firm headquartered in the 8th arrondissement of Paris that engages in global investment banking, securities, investment management, insurance, and other financial services.