Meanwhile, "mainly focusing on Bitcoin insurance" has secured $40 million in funding. What are its features? Fighting inflation, supported by Sam Altman...

Bermuda-based fintech company Meanwhile recently announced that it has successfully completed a $40 million Series A funding round co-led by renowned blockchain investor Framework Ventures and Fulgur Ventures. Meanwhile said the funding will help the company accelerate the global rollout of its bitcoin-denominated life insurance and annuity products, with the goal of providing financial protection against inflation and currency risk to one billion people around the world. (Synopsis: Ark Investment: Inflation-heavy Argentina has better 'bitcoin adoption' than El Salvador) (Background added: Czech central bank considers adding bitcoin to foreign exchange reserves, Bitwise CEO: dominoes have fallen) Bermuda-based fintech company Meanwhile announced on April 10 via social platform X that it has successfully closed a $40 million Series A round. The financing was co-led by well-known blockchain investment institutions Framework Ventures and Fulgur Ventures, with the participation of Wences Casares, a Bitcoin pioneer and former CEO of Xapo. Meanwhile said the funding will help the company accelerate the global rollout of its bitcoin-denominated life insurance and annuity products, with the goal of providing financial protection against inflation and currency risk to one billion people around the world, especially for users facing currency depreciation in emerging markets. We're proud to announce our $40M Series A led by @hiFramework & @FulgurVentures, w/ participation from Bitcoin pioneer Wences Casares. This capital accelerates our global rollout of BTC-denominated life insurance & annuities, protecting users from inflation & currency risk pic.twitter.com/kTMxDaDBeh — meanwhile (@meanwhilelife) April 10, 2025 What is Meanwhile? Meanwhile is an innovative fintech company founded in 2022 and headquartered in Bermuda, co-founded by Zac Townsend (CEO) and Max Gasner. The company positions itself as the world's first life insurance company denominated in Bitcoin (BTC), focusing on wealth management and insurance solutions for long-term Bitcoin holders (HODLers). Currently, Meanwhile is regulated by the Bermuda Monetary Authority to ensure that its operations comply with international financial standards and to use artificial intelligence (AI) technology to improve the efficiency and transparency of the insurance process. BTC Whole Life Insurance Meanwhile's core product is Bitcoin-denominated whole life insurance, designed for customers who are optimistic about the value of Bitcoin in the long term. The product has the following features: Fully denominated in Bitcoin: Premium payments and claims are made in Bitcoin, and there is no need to involve fiat currency (unless the customer chooses to exchange it). Guaranteed Payouts: Ensures that policyholders receive an agreed return in Bitcoin upon maturity or death. Tax advantages: Take advantage of Bermuda's tax-friendly environment to help clients reduce their tax liabilities as they pass on their wealth. Liquidity support: Customers can borrow through the policy and get funds without selling Bitcoin, similar to the cash value function of traditional whole life insurance. Anti-inflation characteristics: Bitcoin is used as the unit of denomination to help customers hedge the risk of depreciation of fiat currencies. Insurance application method and precautions Insurance application process: Customers can apply online through the Meanwhile official website. The website provides a concise application portal, customers need to fill in the basic information and submit, the AI system will complete the risk assessment and review in a short time. Payment method: The premium needs to be paid directly in Bitcoin, and the customer needs to ensure that there is sufficient Bitcoin balance in the wallet. However, the company also offers fiat currency exchange options, but additional fees may be involved. Note: 1) Before applying for insurance, you need to confirm whether you are eligible, especially whether your region is within the service scope of Meanwhile (currently mainly in the United States, Europe and Asian markets); 2) Due to the large fluctuation of the price of Bitcoin, customers should understand that the value of the policy may fluctuate with the price of Bitcoin. Financing Status To date, Meanwhile has raised two rounds of funding with a total amount of approximately $59 million, as follows: 2023 Seed Round: $19 million raised by investors including Gradient Ventures (owned by Google), Mouro Capital, MS&AD Ventures, as well as OpenAI founder Sam Altman and former Stripe executive Lachy Groom, etc. 2025 Series A: $40 million in funding led by Framework Ventures and Fulgur Ventures, with participation from Wences Casares. Valuation: After Series A, the company was valued at $190 million. Global Bitcoin Adoption Steadily Rising Today, as Bitcoin promotes financial inclusion, allows people without access to the traditional banking system to participate in the global economy, enables efficient cross-border payments, and reduces transaction costs, Bitcoin has clearly surpassed its status as a store of value tool, and the trend of adoption by major industries is steadily growing. According to Doubloin's report, in addition to the bitcoin-denominated insurance pioneered by Meanwhile, other traditional industries are also actively adopting bitcoin, such as: Payments and retail: For example, the U.S. restaurant chain Subway and some Starbucks stores have accepted bitcoin payments, partnering with payment platforms such as BitPay to allow consumers to buy goods directly using bitcoin. Real estate: In places like Dubai, real estate developers are starting to accept bitcoin as a payment for home purchases, attracting international investors. For example, Dubai-based Emaar Properties has announced that it accepts bitcoin as payment for high-end properties. Travel & Aviation: Travel platforms such as Expedia and airline Norwegian Air allow customers to book flights and hotels using Bitcoin, demonstrating the potential of Bitcoin in the travel industry. Related reports Satoshi Action Fund CEO: Within 4 months in the United States, state governments will announce the purchase of Bitcoin, almost 100% sure Bitcoin DeFi Development Status: How Far Have We Come? How long can U.S. stocks burn after setting off the "BTC coin tide" and following the micro-strategy frenzy? 〈Meanwhile...