PolkaCover Launches the Platform’s Demo Decentralized Application


Polkacover, the ingenious platform that bridges the gap between traditional insurance companies and crypto-insurance products has just launched its Demo Decentralized Application, demonstrating how users can connect with several insurance providers offering global insurance products such as crypto-related protection, health, life, and more, with ease.

Polkacover is the first decentralized insurance marketplace for the DeFi and global crypto market. According to a research study, the global cryptocurrency market was estimated at $792.53 million in 2019 and is expected to reach $5,190.62 million by 2026. Statistically, it’s crystal clear that the crypto market is increasing at a breathtaking pace. However, with the rapid increase in crypto demands from players in various sectors, crypto users are exposed to threats from hackers and thieves. Thus, there’s the need for crypto insurance so as to make crypto transactions and digital assets as secure as possible.

Polkacover aims to bring enhanced security to the crypto ecosystem by providing global crypto insurance products to enable users to transact as well as store digital assets in a safe and secure environment. It provides superb offerings such as cross-border insurance purchases and payment options, real-time transactions, security and confidentiality, audit trail and full transaction history, resilience through the use of smart contracts and so on.

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