This is another new adoption for the bitcoin life yes, it's required for everyone on certain stage. Since this has been one way type transaction if you do mistakes or wrongly sent to someone you cannot get back your bitcoins.
From this new insurance option against failed bitcoin transactions in Japan could further drive the cryptocurrency adoption.
The leading Japanese cryptocurrency exchange bitFlyer has come up with an idea for merchants and business in the country.
It's partnered with Mitsui Sumitomo which is leading insurance company to provide better services.
Last Friday it's policy came into the market and soon expect more policies like this for everyone here.
Because of this betterment on adoption various companies are currently working on creating distributed ledger based solutions that make use of smart contract and to automate the issuance of policies and claim processing.
If this goes well more cryptocurrency business will opt in for this services.
