Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Dubai Insurance offers a crypto wallet so yo Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Dubai Insurance offers a crypto wallet so yo

Dubai Insurance offers a crypto wallet so you can pay premiums and collect claims in bitcoin

6 min read
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

Dubai Insurance offers a crypto wallet so you can pay premiums and collect claims in bitcoin

In partnership with Standard Chartered’s Zodia Custody, Dubai Insurance is the first insurer globally to issue a crypto wallet for its policy holders to transact with digital assets.

By Olivier Acuna|Edited by Jamie Crawley
Jan 29, 2026, 3:32 p.m.
Make us preferred on Google
Dubai Insurance joins a handful of tradfi firms that have issued their own crypto wallet. (Photo by ZQ Lee on Unsplash/Modified by CoinDesk)

What to know:

  • Dubai Insurance has become the first traditional insurer globally to launch a cryptocurrency wallet for customers to pay premiums, receive claims and transact digital assets.
  • The wallet, developed with Standard Chartered–backed Zodia Custody, aligns with the United Arab Emirates’ push to integrate digital assets into mainstream finance under clearer regulatory rules.
  • Executives say the move introduces regulated, on-chain infrastructure to the regional insurance sector, aiming to improve transparency, efficiency and customer experience while maintaining strict governance and security standards.

Dubai Insurance became the first in its sector on a global scale to roll out a cryptocurrency wallet for its customers to handle claims and premiums, and transact digital assets.

The fourth-largest insurer in the United Arabs Emirates (UAE)said it developed the crypto wallet in partnership with Standard-Chartered-owned crypto custodian Zodia Custody, in an emailed announcement on Wednesday.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up

Dubai Insurance’s venture into digital assets comes as the UAE increasingly pushes forward the integration of digital assets into mainstream financial services and as traditional firms (TradFi) experiment with blockchain-based payments amid clearer rules for custody and compliance. It also comes months after the country enacted a new central bank law that brought digital assets and decentralized finance (DeFi) into traditional banking regulatory compliance, positioning the country as a global financial innovation hub.

While crypto wallets are increasingly common among TradFi firms such as PayPal Robinhood and Revolut, their adoption by a regulated insurer signals a deeper shift in how legacy financial institutions are testing onchain infrastructure for real-world transactions.

“By becoming the first insurance company to enable the receipt of premiums and payment of claims in digital assets through a secure digital wallet, we are redefining how insurance services are delivered while remaining firmly aligned with regulatory and governance frameworks,” said Abdellatif Abuqurah, CEO at Dubai Insurance.

The move by the UAE firm introduces a regulated infrastructure that allows policyholders to transact using digital assets, while ensuring high standards of security, governance, and transparency.

DubaiUnited Arab Emiratescrypto walletZodia Custody

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

View Full Report

More For You

Robinhood is investing in crypto trading platform Talos at $1.5 billion valuation

The $45 million Series B extension also includes participation from new strategic investors Sony Innovation Fund, IMC, QCP and Karatage.

What to know:

  • Robinhood is investing in Talos in an extended Series B funding round valuing the firm at about $1.5 billion.
  • Talos provides institutional-grade crypto trading infrastructure, serving hundreds of clients globally and asset managers representing roughly $21 trillion in AUM.
  • The round highlights growing demand for crypto market infrastructure, as Robinhood deepens its blockchain strategy and Talos continues to scale through M&A.
Read full story
Latest Crypto News

Bitcoin's Quantum threat is ‘real but distant,’ says Wall Street analyst as doomsday debate rages on

Bitcoin tumbles to 2026 low of $85,200 as gold reverses big gains, Microsoft leads Nasdaq lower

CoinDesk 20 performance update: index drops 2.3% as all constituents trade lower

Robinhood is investing in crypto trading platform Talos at $1.5 billion valuation

Gold in 'extreme greed' sentiment as it adds entire bitcoin market cap in one day

Top Stories

SEC clarifies rules for tokenized stocks, tightening scrutiny on synthetic equity

First gold and silver, now oil is starting to rally and that's bad news for bitcoin

White House to meet with crypto, banking executives to discuss market structure bill

Metaplanet is raising $137 million to pay down debt and buy even more bitcoin

Bitcoin's no gold, and it's falling short for payments, too

Meta and Microsoft continue going big on AI spending. Here's how bitcoin miners could benefit

Latest Crypto News

Bitcoin's Quantum threat is ‘real but distant,’ says Wall Street analyst as doomsday debate rages on

Bitcoin tumbles to 2026 low of $85,200 as gold reverses big gains, Microsoft leads Nasdaq lower

CoinDesk 20 performance update: index drops 2.3% as all constituents trade lower

Robinhood is investing in crypto trading platform Talos at $1.5 billion valuation

Gold in 'extreme greed' sentiment as it adds entire bitcoin market cap in one day

Top Stories

SEC clarifies rules for tokenized stocks, tightening scrutiny on synthetic equity

First gold and silver, now oil is starting to rally and that's bad news for bitcoin

White House to meet with crypto, banking executives to discuss market structure bill

Metaplanet is raising $137 million to pay down debt and buy even more bitcoin

Bitcoin's no gold, and it's falling short for payments, too

Meta and Microsoft continue going big on AI spending. Here's how bitcoin miners could benefit

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment?

Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment?

The post Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment? appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 17:39 Is dogecoin really fading? As traders hunt the best crypto to buy now and weigh 2025 picks, Dogecoin (DOGE) still owns the meme coin spotlight, yet upside looks capped, today’s Dogecoin price prediction says as much. Attention is shifting to projects that blend culture with real on-chain tools. Buyers searching “best crypto to buy now” want shipped products, audits, and transparent tokenomics. That frames the true matchup: dogecoin vs. Pepeto. Enter Pepeto (PEPETO), an Ethereum-based memecoin with working rails: PepetoSwap, a zero-fee DEX, plus Pepeto Bridge for smooth cross-chain moves. By fusing story with tools people can use now, and speaking directly to crypto presale 2025 demand, Pepeto puts utility, clarity, and distribution in front. In a market where legacy meme coin leaders risk drifting on sentiment, Pepeto’s execution gives it a real seat in the “best crypto to buy now” debate. First, a quick look at why dogecoin may be losing altitude. Dogecoin Price Prediction: Is Doge Really Fading? Remember when dogecoin made crypto feel simple? In 2013, DOGE turned a meme into money and a loose forum into a movement. A decade on, the nonstop momentum has cooled; the backdrop is different, and the market is far more selective. With DOGE circling ~$0.268, the tape reads bearish-to-neutral for the next few weeks: hold the $0.26 shelf on daily closes and expect choppy range-trading toward $0.29–$0.30 where rallies keep stalling; lose $0.26 decisively and momentum often bleeds into $0.245 with risk of a deeper probe toward $0.22–$0.21; reclaim $0.30 on a clean daily close and the downside bias is likely neutralized, opening room for a squeeze into the low-$0.30s. Source: CoinMarketcap / TradingView Beyond the dogecoin price prediction, DOGE still centers on payments and lacks native smart contracts; ZK-proof verification is proposed,…
Share
BitcoinEthereumNews2025/09/18 00:14
Crucial Fed Rate Cut: October Probability Surges to 94%

Crucial Fed Rate Cut: October Probability Surges to 94%

BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 02:25
MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows

MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows

The post MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows appeared on BitcoinEthereumNews.com. MOEX to Launch $XRP Indices/Futures: $MAXI Adoption
Share
BitcoinEthereumNews2026/02/04 06:00