Metromile Will Embrace Bitcoin for Insurance Premium and Claim Payments

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 for the cryptocurrency program.

Metromile says it will be the first insurer to both accept premiums and pay claims in cryptocurrency.

Policyholders will be able to pick either cryptocurrency or old-fashioned dollars for premium and claim transactions.