Crypto Life Insurance Firm 'Meanwhile' Hits $190M Valuation, Embraces Bitcoin Payments

In an innovative leap for the insurance industry, the crypto life insurance startup Meanwhile has achieved a notable valuation of $190 million following its latest Series A fundraising round, which amassed $40 million. This venture stands out by operating entirely with Bitcoin (BTC), demanding policyholders pay premiums in BTC and beneficiaries receive their payouts in the same cryptocurrency.

Recognizing the potential of crypto to shield against inflation, CEO Zach Townsend emphasized that Bitcoin offers a stable store of value compared to traditional currencies, which could be appealing for securing future financial stability. The company has strategically doubled its valuation since 2022 by reinvesting the collected BTC to cover death benefits, showcasing a robust model amidst the growing intersection of cryptocurrency and traditional financial services.