Virtual wallet insurance

A server comprising:

• a memory;
• and
• one or more processors in communication with the memory and configured to:
• store an insurance policy for a virtual wallet stored on a computing device with an insured amount based on a value of the virtual wallet, the value of the virtual wallet being equal to an assigned value of at least one virtual financial asset included in the virtual wallet, wherein to store the insurance policy, the one or more processors are configured to record the insured amount of the insurance policy as an initial entry in a ledger;
• update the insured amount of the insurance policy for the virtual wallet based on an updated value of the virtual wallet, the updated value of the virtual wallet being based on changes to the assigned value of the at least one virtual financial asset included in the virtual wallet, wherein to update the insured amount, the one or more processors are configured to record the updated insured amount of the insurance policy as a new entry in the ledger;
• in response to the virtual wallet being compromised, determine a most recent insured amount of the insurance policy for the virtual wallet as recorded in a most recent entry in the ledger;
• and
• process a claim against the insurance policy for payment of the most recent insured amount of the insurance policy for the virtual wallet.

A computer-readable medium storing instructions that, when executed, cause one or more processors to:

• store an insurance policy for a virtual wallet stored on a computing device with an insured amount based on a value of the virtual wallet, the value of the virtual wallet being equal to an assigned value of at least one virtual financial asset included in the virtual wallet, wherein to store the insurance policy, the instructions cause the one or more processors to record the insured amount of the insurance policy as an initial entry in a ledger;
• update the insured amount of the insurance policy for the virtual wallet based on an updated value of the virtual wallet, the updated value of the virtual wallet being based on changes to the assigned value of the at least one virtual financial asset included in the virtual wallet, wherein to update the insured amount, the instructions cause the one or more processors to record the updated insured amount of the insurance policy as a new entry in the ledger;
• in response to the virtual wallet being compromised, determine a most recent insured amount of the insurance policy for the virtual wallet as recorded in a most recent entry in the ledger;
• and
• process a claim against the insurance policy for payment of the most recent insured amount of the insurance policy for the virtual wallet.