Meanwhile, an insurtech company that leverages cryptocurrency, recently secured $40 million in funding from lead investor Framework Ventures and others, according to reporting by Fortune. The company offers life insurance plans and lets beneficiaries gain Bitcoin.
The company’s solution functions like average life insurance policies, except policyholders pay their monthly premium in Bitcoin rather than cash. Clients can also borrow Bitcoin from Meanwhile against their policy. In the event of an untimely death, the policyholder’s beneficiaries receive the claim’s payout in Bitcoin.
The new funding for Meanwhile will enable the company to fuel global expansion and ensure its products remain compliant with regulations.
