Peercover: Crypto Bank, Insurance Co, Stock & Currency Exchange

This article was originally published April 7th, 2014 — Updated April 29th, 2014

Peercover began in May 2013 and was founded by Jared Mimms.  It is one of many businesses that Jared is currently involved in building.  After looking at his impressive resume, we wonder when he finds time to sleep.  Jared’s other businesses include Omega Genomics, Dycomb, Omega Hedge, and he partnered with BitInstant in 2011 where he began his foray into cryptocurrencies.

Peercover began as a peer-to-peer insurance company.  Essentially a form of crowdfunded insurance that provides innovative ways to lower business insurance costs and improving the efficiency of benefit payouts.

Peercover later added Coinbase integration, Simple Stocks and Investment opportunities, and also became a Ripple gateway (known as a Simple Gateway) where you can purchase PCV stock and deal in other IOUs.

In addition to BTC, LTC, and XRP, you can also trade Peercoin (PPC), DogeCoin (DOGE), and Next (NXT).

Update: Peercover now supports more than 50 different cryptocurrencies through its’ Simple Gateway.

Jared Mimms, Founder of Peercover

Peercover also has plans to launch a BTC/USD exchange where users can purchase BTC using credit cards with a 0% mark up.

Given Jared’s successful history — and the interesting nature of the various crypto-related things that Peercover is providing — I’ll be keeping an eye on what this company does in the future. It’s probably a good one to check out if you’re interested in any of the services above too.

If you have questions or comments about Peercover, come over to the Ripple forum and get in touch with Jared: