CoverYou to accept bitcoin for premium payment

On Wednesday, April 15, CoverYou announced it has begun accepting bitcoin for premium payment.

“Developments in this market are progressing very quickly. Our smartphone insurance is a popular product at the moment because of the value of smartphones nowadays. Adding BitCoin as a payment method means embracing new technology and looking ahead,” said CoverYou founder Yvonne Geijs.

The company will, however, only accept this form of payment from those who choose to pay the annual cumulative fee. For monthly payments, clients will continue to use the traditional online payment methods.

CoverYou is an insurance company offering coverage for mobile devices to Belgium and Dutch clients.