According to Korea Insurance News, Korea's major insurance company Kyobo Life announced a partnership with blockchain infrastructure company EQBR, successfully completing the industry's first technical validation (PoC) for insurance premium collection and claim payments based on Korean won stablecoins. It is reported that the project lasted 12 weeks and a results sharing meeting was held on June 19. The project successfully demonstrated the process of users automatically paying premiums with Korean won stablecoins in their digital wallets, with transactions instantly reflected in the existing traditional insurance system of Kyobo Life, and also validated the process of paying claims to digital wallets.

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NonceCollector
· 3h ago
Traditional insurance giants are beginning to embrace on-chain payments. This PoC serves as a proof of concept for the industry, and we look forward to its subsequent implementation.
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CandleAfterTheRain
· 4h ago
The 12-week verification cycle is quite tight. The fact that established institutions like Jiaobao Life are willing to try out a Korean won stablecoin suggests that the regulatory environment is easing?
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