Meanwhile secured 40 million USD in funding to expand its Bitcoin-denominated life insurance offerings, targeting inflation-prone economies. Notable investors include Framework Ventures and Wences Casares. This funding follows a previous achievement of 20.5 million USD in seed funding.
The startup, regulated by the Bermuda Monetary Authority, allows policyholders to pay premiums in Bitcoin. This model provides a safeguard against currency debasement, enabling withdrawals without tax implications, thus addressing challenges arising from inflation.
Leave a Reply