A life insurance company that keeps its entire balance sheet in bitcoin just raised another $37.5 million.
Per Decrypt, Bermuda-based Meanwhile, backed by Sam Altman, closed the round led by Bain Capital Crypto, taking total funding past $180 million. Clients pay a single premium in $BTC and the death benefit is paid in BTC too.
My view: this is one of the more interesting uses of bitcoin as long-term savings, not trading. The product is for wealthy clients outside the US, so it is niche today. Signing 15 brokers in places like Singapore, Hong Kong and the UAE suggests the demand is real.
💬 Would you trust an insurer whose reserves are entirely in bitcoin?
#Bitcoin #Insurance
Per Decrypt, Bermuda-based Meanwhile, backed by Sam Altman, closed the round led by Bain Capital Crypto, taking total funding past $180 million. Clients pay a single premium in $BTC and the death benefit is paid in BTC too.
My view: this is one of the more interesting uses of bitcoin as long-term savings, not trading. The product is for wealthy clients outside the US, so it is niche today. Signing 15 brokers in places like Singapore, Hong Kong and the UAE suggests the demand is real.
💬 Would you trust an insurer whose reserves are entirely in bitcoin?
#Bitcoin #Insurance