The world’s first ownerless and memberless investment fund, the Dash Investment Foundation (DIF) is pleased to announce that they have completed an investment of R$1.4 million ($250,000 USD) in 88i Seguradora Digital, Brazil's first online digital insurer.
We are very happy to announce the investment of Dash at this important time for 88i. We will invest in technologies that will allow us to record a great number of insurance products and finally democratize insurance in Brazil.
Rodrigo Ventura, CEO at 88i
88i Seguradora Digital aims to be the leader in the digital insurance market within a 5 year period.
Dash's renowned blockchain network with instant transactions will allow us to take one more step to build simple, intuitive, and digital solutions to revolutionize the insurance market in Brazil.
Rodrigo Ventura, CEO at 88i
Through its extremely fast network, Dash makes it possible to register micro and nano insurance in real-time. Policies can be recorded and easily verified, and claims can be paid very fast. To price, quote, and issue a digital policy you need to be anchored to a great number of technologies, and blockchain is one of them. Blockchains ability to create trust in a trustless ecosystem at the protocol layer has very positive implications for the insurance industry.
Gustavo Fiqueiredo, CTO at 88i
The DIF is excited to add 88i to the Dash networks expanding investment portfolio. We look forward to 88i fully integrating Dash as a method of payment, and as a blockchain solution to simplify the issuance of digital insurance products and services. This investment is a part of our growth strategy for Latin America to accelerate cryptocurrency adoption.
Rodrigo Ambrissi, Dash Investment Foundation Supervisor
Contact Information: For press and media inquiries please contact the Dash press team at [email protected]. We look forward to hearing from you.
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88i makes insurance as simple as possible. We are the 1st Digital Insurer focused on customers and service providers for the Mobility, Delivery, Fintech, and eCommerce ecosystems. We have been ratified by SUSEP to promote innovation and inclusion, using the Risk Design approach and deploying Artificial Intelligence in 100% Cloud environments to transform and democratize insurance. We provide protection products that effectively help our partners’ customers to be and feel protected.
Dash is digital cash designed to offer financial freedom to everyone. Dash allows millions of individuals across the globe to carry out instantly re-spendable and secure transactions, with near-zero fees. Dash is the leading decentralized payment solution built to support real-life use cases: it is accepted at merchants globally, accessible via 3,300+ ATMs and 100+ exchanges worldwide. Dash has pioneered groundbreaking features including a two-tier network with incentivized nodes and decentralized project governance (Masternodes), instantly settled payments (InstantSend), instantly immutable blockchain (ChainLocks), and more. The Dash Network’s development is supported by Dash Core Group, the largest organization funded by the Dash Treasury, which supports and nurtures the continued worldwide development and integration of Dash. For more information, visit https://www.dash.org/ or follow the organization on Twitter @DashPay.
