JAG is effectively located to pursue revolutionary concepts. Capturing the eye of California tech migrants, Miami is rapidly turning into the following nice tech hub – one thing that Miami mayor Francis Suarez has brazenly supported. Late in 2020, Suarez grew to become considerably of a viral sensation on Twitter via his efforts to lure Silicon Valley expertise buyers to Miami. Adopting Bitcoin within the South Florida metropolis is a essential a part of his plan.
As reported by Bloomberg Quint, Suarez’s efforts to advertise cryptocurrencies embody a proposal to pay municipal employees and accumulate taxes and metropolis charges in Bitcoin. The forward-thinking mayor has additionally requested the town to investigate the feasibility of investing some authorities funds in Bitcoin. It’s all a part of his plan to make Miami a metropolis that “embraces new applied sciences” – which is music to the ears of JAG companions Luis Gazitua, Douglas Jones and Fernando Alvarez.
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“South Florida has turn into a brand new epicenter within the tech motion. That’s very thrilling for us. Being younger entrepreneurs, we’re all the time keen to strive new issues,” mentioned Gazitua. “So, we began studying about cryptocurrency and the blockchain evolution … and the additional we went into the rabbit gap, the extra we realized the potential on this expertise. Lots of people deal with the cryptocurrency facet, which is an enormous a part of it, however what’s actually fascinating is what blockchain expertise may doubtlessly carry to the business. We’re excited to speculate on this and actually take a look at the way it may influence the way forward for insurance coverage.”
JAG is investing in new expertise to push the envelope and create an infrastructure that helps progress for brand new clients needing cost in cryptocurrency. Making a bridge between digital currencies and conventional cost choices, JAG will assume the accountability of changing cryptocurrency funds and transferring the cash to the insurance coverage carriers.
“We wish to present the perfect person expertise and provides as a lot flexibility to our purchasers as potential,” Gazitua informed Insurance coverage Enterprise. “We consider that the adaptability of cryptocurrency is rising and evolving, and we wish to be there to offer that service. Nothing adjustments for the insurance coverage carriers by way of how they obtain their premium. What’s altering is the upfront expertise for our purchasers and the best way we’re accepting their funds. We’re going to take this on a case-by-case foundation, and supply versatile options as we additional evolve our platform.”
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That is very a lot the beginning of JAG’s journey with cryptocurrency and blockchain expertise. For now, the company’s aim is to be taught extra concerning the digital currencies to be able to turn into thought-leaders and innovators within the house.
Gazitua commented: “It’s all about schooling. We’re studying concerning the several types of cryptocurrencies, which of them have liquidity, and which of them we must always settle for and convert. We do tackle a small danger as an company, however we’re keen to do that out. Shifting ahead, if a consumer asks us if they’ll pay in cryptocurrency [and our platform supports that currency], the reply goes to be ‘sure’. As soon as extra folks study cryptocurrency and get extra comfy utilizing it, I’ve little question it’s going to turn into a service provider service for enterprise transactions. The long run is right here.”