According to BlockBeats, crypto insurance company Meanwhile has successfully raised $40 million in a Series A funding round. The investment was led by Framework Ventures and Fulgur Ventures, with participation from Xapo crypto bank founder Wences Casares.
Meanwhile offers life insurance policies that operate similarly to traditional life insurance. Policyholders pay monthly premiums calculated by actuaries. However, instead of using bank accounts or checks, payments are made through Bitcoin wallets. In the event of the policyholder's death, beneficiaries receive the payout in Bitcoin.
