BlockBank chooses Bright Union as their partner for DeFi insurance

Access DeFi insurance straight from your custodian wallet

Powered by Bright Union the BlockBank app will now offer its users access to insurance products from all the major players in the industry: Nexus Mutual, Bridge Mutual and Insurance, at the best prices. BlockBank is the first multi-protocol utility wallet that is offering insurance coverage to its users for over 150 DeFi protocols.

In-app insurance, powered by Bright Union. Source: BlockBank app

Towards seamless in-app insurance

Currently BlockBank utilizes an in-app browser to allow their users to buy insurance using their DeFi wallet. Often the costs of insurance starts at 1,8% (of insured assets) per year. In the future there will be a customer journey integration where insurance is made available right at the moment where users invest in their favorite DeFi products. Bright Union’s SDK — a javascript library for techies — will allow any party to integrate DeFi insurance into their app with just three lines of code.

About BlockBank

BlockBank is developing an AI-powered, traditional mobile banking experience with seamless crypto integration.
BlockBank’s vision is to create an all-in-one crypto application that simplifies the user experience without compromising security, privacy, or decentralization. We aim to combine the best of DeFi and CeFi worlds in one place, incorporating patented AI technology to bring financial empowerment to clients.

About Bright Union

Bright Union is the world-leading multi-chain decentralized finance cover marketplace. Our mission is to safeguard your digital assets from hacks, smart contract failures, and rug pulls by empowering the crypto community to cover one another in a decentralized and permissionless manner.

Join the Union

Be Bright and #JointheUnion. Receive announcements by joining the community.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store