PAID Network Partners With Bridge Mutual (BMI)

2 min readFeb 1, 2021

Paid Network is delighted to announce a new partnership with Bridge Mutual (BMI), a blockchain-based decentralized insurance application that allows users to insure each other, utilizing a three-stage voting process, higher levels of transparency and fast turnaround times on claims

Bridge Mutual does not require branch offices, claims specialists, or agents to work and will act as PAID Network’s primary insurance partner, allowing PAID to insure the value of its smart contracts within its DeFi ecosystem.

Mike Miglio, CEO and Co-Founder of Bridge Mutual, had the following to say:

“PAID and Bridge Mutual are both aiming to revolutionize systems that have been void of innovation for centuries. We’re looking forward to coming up with new and innovative ways to leverage what they’re creating beyond just making sure that their platform is insured.”

The new partnership with Bridge Mutual is one of great importance for PAID Network as it will allow PAID’s users to secure their business agreements through Bridge Mutual’s decentralized and discretionary insurance application.

Lastly, those providing insurance to the PAID Network’s contracts will also be rewarded in PAID tokens (in addition to BMI and DAI) as an additional incentive through Bridge Mutual’s shield mining program.

Kyle Chasse, CEO of PAID Network, had the following to say:

“I am very excited about our partnership with Bridge Mutual. Their decentralized insurance protocol’s integration with PAID Network is fundamental in allowing us to successfully deliver on our commitment of providing insurance to cover our community’s value locked in PAID Network’s SMART Agreements. We couldn’t ask for a better strategic insurance partner.”

About Bridge Mutual (BMI)

Bridge Mutual is a decentralized, discretionary p2p/p2b insurance platform that provides coverage for stablecoins, centralized exchanges, and smart contracts. Its platform allows users to provide insurance coverage, decide on insurance payouts, as well as get compensated for taking part in the ecosystem. Having vastly oversubscribed in its private sale, Bridge Mutual’s token, $BMI, is primed to have an explosive TGE on January 30th, 2021.

About PAID Network

PAID Network seeks to redefine the current business contract, litigation, and settlement process by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID. Leveraging Plasm to operate on both Ethereum and Polkadot ecosystems, SMART Agreements built through smart contracts execute DeFi transactions and business agreements seamlessly, making business exponentially more efficient.

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