kenerwin88



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NewbieActivity: 40Merit: 0 [ANN] First Insurance Policy Paid for with Bitcoin April 20, 2013, 12:44:55 PM #1 ,



I just wanted to announce that we have now written the first insurance policy that is being paid for completely in Bitcoins. Based on the advice from others that we received, we used Bitpay for the payment, and could not be happier with how smoothly it went. Up until now I've only had a couple of CSRs and our Accounting department onboard, now all of the CSRs and Producers are becoming extremely interested in finding out more about Bitcoin. I wanted to thank everyone from the thread here



We obviously aren't a startup company, we've been around since 1872, but there is a culture surrounding Bitcoin that is enthralling. To any business that is considering accepting them, you won't be alone. I have had so many people from this forum as well as even a call from a company in Canada working with Bitcoins all offering or seeking advice. It is obvious that everyone here doesn't just want success for themselves, but is working for Bitcoin to be successful as a whole, and that is amazing.



I can't name the person who bought the policy for privacy reasons, but I just wanted to thank you for working with us (And if you would like to be named let me know!).



Thank you again everyone, if anyone else would like a quote for any type of insurance, or has any questions, feel free to contact me.



Ken Erwin | System Administrator

Beauchamp McSpadden

231 W. Canal Street ♦ Wabash, IN 46992

W:317.522.7857x2192 ♦ C:317.522.7857 Hi EveryoneI just wanted to announce that we have now written the. Based on the advice from others that we received, we used Bitpay for the payment, and could not be happier with how smoothly it went. Up until now I've only had a couple of CSRs and our Accounting department onboard, now all of the CSRs and Producers are becoming extremely interested in finding out more about Bitcoin. I wanted to thank everyone from the thread here https://bitcointalk.org/index.php?topic=155036.0 as well as everyone who has contacted me requesting a quote or offering advice, it has been incredible finding out all of the other different businesses that are doing the same thing that we are.We obviously aren't a startup company, we've been around since 1872, but there is a culture surrounding Bitcoin that is enthralling. To any business that is considering accepting them, you won't be alone. I have had so many people from this forum as well as even a call from a company in Canada working with Bitcoins all offering or seeking advice. It is obvious that everyone here doesn't just want success for themselves, but is working for Bitcoin to be successful as a whole, and that is amazing.I can't name the person who bought the policy for privacy reasons, but I just wanted to thank you for working with us (And if you would like to be named let me know!).Thank you again everyone, if anyone else would like a quote for any type of insurance, or has any questions, feel free to contact me.Ken Erwin | System AdministratorBeauchamp McSpadden231 W. Canal Street ♦ Wabash, IN 46992W:317.522.7857x2192 ♦ C:317.522.7857

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kenerwin88



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NewbieActivity: 40Merit: 0 Re: [ANN] First Insurance Policy Paid for with Bitcoin April 20, 2013, 03:28:24 PM #4 @Bitdroid, As of now the pages have been updated! Sorry about that I thought I had already done it, thank you for letting me know!

@John, I feel the same way, I can't overstate how exciting it was to get our accounting department on board, and to be able to introduce Bitcoin to so many more people. I am very hopeful that someday our Bitcoin-paid policies will become a huge part of our business.



Ken

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NewbieActivity: 40Merit: 0 Re: [ANN] First Insurance Policy Paid for with Bitcoin April 21, 2013, 09:25:38 PM #7



And about the pizza, thank you I'm happy to be a part of Bitcoin's growth (even if it's a small role), I really do think that it's going to become huge one day.



Ken @bitdroid Thank you for the suggestion! I'll post it on there as well, let me know if there's anything I can help you or your friends with.And about the pizza, thank youI'm happy to be a part of Bitcoin's growth (even if it's a small role), I really do think that it's going to become huge one day.Ken

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Full MemberActivity: 141Merit: 100 Re: [ANN] First Insurance Policy Paid for with Bitcoin April 22, 2013, 08:39:36 AM #12 Quote from: 100x on April 22, 2013, 02:30:32 AM Awesome. Keep up the great work!!



After hearing so much about new businesses accepting bitcoin, I think what we need next is bitcoin discounts. Looking at fee structure alone, can't businesses afford to offer a 2% discount right off the bat? As bitpay charges 0.99% while credit card merchant fees over 3%?



There are probably many more costly manhours into setting up the acceptance of BTC by this and other companies, than even the turnover in BTC for quite a while to come.



So please don't start begging right away, since there's more in the cost structure of a business than payment fees. I feel it should be the reward for the early adapters at the supply side of the economy.



Disclaimer: I'm biased towards the business side, since I'm running one myself and am accounting for others. There are probably many more costly manhours into setting up the acceptance of BTC by this and other companies, than even the turnover in BTC for quite a while to come.So please don't start begging right away, since there's more in the cost structure of a business than payment fees. I feel it should be the reward for the early adapters at the supply side of the economy.Disclaimer: I'm biased towards the business side, since I'm running one myself and am accounting for others. ;-)