Croatia osiguranje's LAQO launches a cryptocurrency payment option

Croatia osiguranje’s LAQO has introduced a cryptocurrency payment option in collaboration with Croatian fintech company Electrocoin.

The solution allows cryptocurrency holders to buy Compulsory and Kasko car insurance digitally, directly on the LAQO website. The cryptocurrency payment process goes through Electrocoin’s electronic payment service PayCek, which also adds a layer of security for customers.

The LAQO webshop currently supports thirteen different cryptocurrencies, including stellar lumen (XLM), DAI, tether (USDT), USDC, binance USD (busd), saltwater (SOL), dogecoin (DOGE), litecoin (LTC), bitcoin (BTC), bitcoin cash (BCH), ether (ETH), ripple (XRP), and EOS.

According to Croatia osiguranje officials cited by total-croatia-news.com, LAQO is the first insurance company in the Republic of Croatia to introduce payment with cryptocurrencies, all in an effort to provide a streamlined shopping experience for its users. Apart from this crypto-focused service, the company has also launched a digital platform named LaqoPrevent, which uses telematics technology to promote responsible behaviour while on the road.