Switzerland-based Atupri Is the First Health Insurance Company to Accept Bitcoin & Ether


Atupri, a health insurance company in Switzerland, is the first such company to offer its user's policyholders the option to pay bills with cryptocurrency.

The company currently accepts the top two cryptos, Bitcoin (BTC) and Ether (ETH). It further mentions that the transaction fees, so-called miner fees, is the only cost to be paid. Also, they do not yet offer the option of repayments in cryptocurrency.

Starting August 31, 2020, the crypto options have been allowed.

The crypto payment addition is part of the company's comprehensive digital strategy and “one of many aspects to optimize our service and to offer our policyholders the greatest possible comfort.”

The payments in digital assets are made through the payment system of Bitcoin Suisse AG (BS), a financial intermediary domiciled and registered in Switzerland, which is a member of the self-regulatory organization VQF recognized by the Swiss Financial Market Supervisory Authority (FINMA).

It is BS that bears the risk of price fluctuations in digital assets. Atupri clarifies that it doesn’t share any data with third parties and that they only send the invoice number to BS. The translated version reads,

“The original claim and the related invoice is in Swiss Francs (CHF). The customer's payment to BS in cryptocurrency via the system provided leads to a debt-discharging effect. The customer can settle the claim in CHF at any time up to the time of payment with cryptocurrency.”

In its FAQ section, Atupri also briefs that to pay bills with BTC or ETH, one just needs a crypto wallet. It also mentions that paying with bitcoin involves electricity consumption, but it is “negligibly small” compared to the energy consumption of the “traditional” monetary system.

And with computers becoming more and more efficient and the use of renewable energy becoming more widespread, “this difference will become even bigger,” it states.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide