๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐๐๐ญ๐ฌ ๐๐ข๐๐ ๐๐ง๐ฌ๐ฎ๐ซ๐๐ง๐๐: ๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐ญ๐๐ซ๐ญ๐ฎ๐ฉ ๐๐ข๐ญ๐ฌ $๐๐๐๐ ๐๐๐ฅ๐ฎ๐๐ญ๐ข๐จ๐ง
A new kind of life insurance company โ one that runs completely on Bitcoin โ just hit a big milestone.
โค Meanwhile Raises $40M, Now Worth $190M
โ๏ธ Crypto life insurance startup Meanwhile raised $40 million in its latest Series A funding
โ๏ธ The company is now valued at $190 million, according to Fortune
โ๏ธ Backers include Bitcoin bank Xapo and tech investor Wences Casares
โค How Does It Work?
โ๏ธ Policyholders pay in Bitcoin
โ๏ธ When a claim is made, beneficiaries also receive payouts in Bitcoin
โ๏ธ No dollars involved โ itโs a full BTC model
โค Why Bitcoin? CEO Explains
Meanwhileโs CEO Zach Townsend says Bitcoin protects against inflation better than fiat money.
โ๏ธ โThe dollar doesnโt hold value like it used to,โ
โ๏ธ Bitcoin offers a global, decentralized, censorship-resistant store of value
โ๏ธ That makes it ideal for long-term life insurance policies
โค How Does the Startup Make Money?
โ๏ธ Meanwhile invests the Bitcoin it receives from policyholders
โ๏ธ Profits from those BTC investments help the company pay out death benefits
โ๏ธ Key Takeaway:
This startup is betting big on Bitcoin โ not just as an investment, but as the foundation of modern life insurance.
Would you trust your life insurance in BTC?
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