- Fintechs
- Marketplaces
- Payment Settlement
- Payouts and Payroll
- P2P Remittances
- US Dollar Access
- USDC
- Ethereum
- Stellar
- Yes
- Web
- Paid
- APAC
- Indonesia
Blockchain-enabled mutual aid platform empowering people to support each other globally
Qolaq's Mutual Aid Platform (MAP) is a blockchain solution to the restrictive practices and inefficiencies of global health and life insurance, providing the underserved with mutual aid programs that enable our members to support each other in times of need. We are not an insurance company, so does not conduct underwriting, collect premiums or maintain reserves to pay claims. We provide programs and the MAP for our members.
Qolaq's MAP follows proven, successful mutual aid models of the past and is developing a Web3 platform with Soroban(smart contract) to facilitate immediate claim settlement by utilizing USDC, and permit members to collectively decide on claims with full transparency, removing conflicts of interest. Full Member privacy can be achieved while delivering fair and impartial participation. The costs for administering MAP will be transparent and can be recorded on chain. MAP's decentralized approach also removes significant operating costs/commissions of typical insurers. MAP programs are designed for the underserved seeking coverage but either do not have access to traditional insurers, have been rejected due to underwriting requirements, do not understand complex insurance policy terms or cannot afford monthly premiums.
This site contains content and information, including links to other sites and resources, that was prepared by third parties ("Third Party Content") who are not affiliated with Circle or any of its affiliates (collectively "Circle"). Circle makes no representations on the accuracy, suitability, or validity of Third Party Content. As such, Circle is neither responsible nor liable for any Third Party Content, including any errors, omissions, or delays, or for any actions taken in reliance upon any Thirds Party Content. Reference to any specific company, product, service, or website of any third party does not constitute an implied or express endorsement, recommendation, favoring or validation by Circle. All content provided is for educational and informational purposes only. Circle shall not be liable for any damage or loss relating to use of, or reliance upon, the Third Party Content.