Japanese insurance company Sompo has partnered with pan-African digital payment platform BTC Africa, also known as BitPesa

Japanese insurance company Sompo has partnered with BTC Africa, also known as BitPesa. As part of the partnership, Sompo Holdings has invested $5M and acquired a 10% stake in BitPesa, while stating that the partnership will aim increase crypto-related fiat remittances between the U.K and Kenya.

Sompo’s press release reads “using BitPesa’s technology, developed through various experiments in remittances and settlements, we will extend our presence in the international remittance service market and consider the application of this technology to the insurance field.”

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Source: https://www.cryptodigest.com/featured/sompo-partners-with-bitpesa/