The Bitcoin step came from the #Swiss arm of French insurance and pension fund company #AXA . AXA #Switzerland customers will now be able to pay all insurance premiums in #Bitcoin, except for life insurance.
Claudia Bienentreu, the innovation manager of AXA Switzerland, said in a statement on the subject, "This move was a response to the increasing demands of customers for alternative payment."
↘️Bitcoin first, then Swiss franc
The company has partnered with cryptocurrency brokerage firm Bitcoin Suisse for this payment transaction . According to the agreement, the AXA customer will make the payment with Bitcoin to Bitcoin Suisse, and the broker company will convert the Bitcoins it receives into Swiss francs for AXA.
In the statement made by the company, it was stated that AXA currently does not hold any Bitcoin in the company balance. Bitcoin Suisse will also receive a 1.75 percent commission for transaction fees from payments made.
In the announcement made by AXA, it was stated that more payment options will be supported in the future, including #TWINT, which is a mobile application payment solution for the Swiss market, but it is currently not possible to pay any other cryptocurrency other than Bitcoin.