announced The Swiss company “AXA”, which is one of the largest insurance companies in the world, announced today, Thursday, that the option to pay via Bitcoin is now available for all of its products except for the life insurance service.

As the Bitcoin payment option does not support life insurance for regulatory reasons.

Claudia Penintero, Head of Innovation at AXA, said:

The new option is AXA’s response to the growing demand from its customers for alternative payment solutions, as new technologies play a greater role than ever before.

The company has partnered with a Swiss crypto broker and company, Bitcoin Suisse, which means that Bitcoin payments will go to Bitcoin Suisse and will be converted into Swiss francs for AXA.

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In its media statement, the company said:

AXA does not keep any bitcoins on its balance sheet.

While AXA does not charge any fees for using the bitcoin payment option, Bitcoin Suisse charges a commission of 1.75% to cover currency exchange costs and transaction fees.

Axa also told that it will support more payment options in the near future, including support for TWINT, an app that provides mobile payment services in the Swiss market.

For other cryptocurrencies, AXA said that this is not possible at the moment, but customers can contact the company and express their interest in it, to reconsider and open the door to the most sought-after currency.

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