According to Foresight News, Meanwhile, a life insurance provider denominated in Bitcoin, announced that it has completed US$19 million in two rounds of seed financing. The first round was co-led by OpenAI CEO Sam Altman and former Stripe issuing head Lachy Groom, and the second round was led by Gradient Ventures.

Meanwhile said the funding enabled it to obtain a license and regulation from insurance regulator the Bermuda Monetary Authority and hire an initial team to launch its first product, a Bitcoin (BTC)-denominated whole life insurance policy.