Odaily News Meanwhile, a cryptocurrency insurance company, completed a $40 million Series A round on Thursday led by Framework Ventures and Fulgur Ventures, with participation from Wences Casares, the founder of cryptocurrency bank Xapo. The round valued the company at $190 million, almost double its valuation in its most recent round of funding in 2022. Meanwhile will use the funds raised from this round to expand globally and ensure that its products meet regulatory requirements.
It is reported that Meanwhile's life insurance policy is similar to ordinary life insurance. The insured is required to pay the monthly premium calculated by the actuary. However, unlike paying from a bank account or using a check, customers need to pay with Bitcoin from a cryptocurrency wallet. When the insured dies, his family will receive the claim amount in the form of Bitcoin. (Fortune)