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Business & Economics

Tabit Insurance obtains $40m bitcoin-funded facility

GlobalData
Summary
Nutrition label

77% Informative

Barbados-based Tabit Insurance has secured a $ 40 m insurance facility, capitalised entirely in bitcoin.

This enables real-time verification of funds by regulators and auditors.

Tabit also said that all insurance policies and premiums will remain denominated in US dollars.

The capitalisation of the facility in bitcoin touted as an industry first ”.

VR Score

70

Informative language

65

Neutral language

65

Article tone

semi-formal

Language

English

Language complexity

74

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links

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