Dubai Insurance Pioneers Crypto Wallet for Premiums and Claims
Dubai Insurance has launched a cryptocurrency wallet solution in partnership with Zodia Custody, becoming the first UAE insurer to accept premium payments and process claims in digital assets. The MOVE aligns with the UAE's push to establish itself as a global hub for digital finance innovation.
The secure wallet infrastructure aims to streamline operations while maintaining regulatory compliance. "This marks a defining moment for insurance in the region," said CEO Abdellatif Abuqurah, emphasizing the company's commitment to digital transformation without compromising governance standards.
The initiative reflects growing institutional adoption of crypto solutions in traditional finance sectors. As digital assets become embedded in financial services, insurers are increasingly compelled to integrate blockchain-based payment rails.
