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Updated: May 8, 2021, 6:56am Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Getty Auto insurance company Metromile soon will let policyholders pay premiums with cryptocurrency and even receive claim payouts in this red-hot form of digital currency. San Francisco-based Metromile, which offers pay-per-mile insurance, says that it will roll out cryptocurrency capabilities later this year. Metromile spokesperson Rick Chen says a launch date hasn’t been set f...
Bitcoin (CRYPTO: BTC) or U.S. dollars. About: Founded in 2011, Metromile caters to non-traditional car owners, such as those who use transportation services like Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT). Using big data and intelligent systems, the company tailors its rates to driver behavior, resulting in lower premiums. Additionally, Metromile licenses out its core fraud, underwriting and AI technology to help insurers automate and digitize processes. What Happened: In providing policyholders flexible payment options, Metromile said it will be the first insurance ...