Bitcoin Life Insurance? You Won’t Believe Who’s Funding This Wild Idea! 💰😲

by

What to know:

  • So, this Bitcoin startup called Meanwhile just snagged $40 million. Who knew? 🤷‍♂️
  • They’re selling life insurance in Bitcoin. Yes, you heard that right! Because who doesn’t want their life insurance in a currency that can drop faster than my patience at a dinner party? 🍽️
  • Oh, and guess who’s in on this? Sam Altman, the OpenAI guy. I mean, if he’s in, it must be genius, right? Or just a really expensive joke. 😂

So, Meanwhile, this startup that thinks life insurance should be in Bitcoin (BTC), just raised $40 million. CEO Zac Townsend announced it on X, like it’s the most normal thing in the world. I mean, who needs stability when you can have volatility? 🎢

The investment was led by some fancy venture capital firms, Framework and Fulgur Ventures. And let’s not forget Wences Casares, the Bitcoin cheerleader. I can just see him in a pom-pom outfit. 📣

Now, traditional life insurance pays out in boring old fiat. But Meanwhile? They’re flipping the script! They want to keep your premiums and benefits in Bitcoin. Because nothing says “financial security” like a currency that can swing wildly like my mood on a Monday morning. 😤

They claim this will help you guard against inflation and currency devaluation. Sure, in countries where the local currency is tanking, holding policies in BTC might help. But hey, good luck with that price volatility! It’s like playing roulette with your life savings. 🎰

The firm’s got big plans to use this cash to expand globally. They’re targeting places where inflation is a daily drama. But, surprise surprise, they didn’t share their current valuation or market entry plans. Classic move! Keep everyone guessing. 🙄

“This round gives us significant capital to power our journey of building the world’s largest long-term insurance and savings company,” Townsend said. Sounds ambitious, or just a bit delusional? You decide! 🤔

Oh, and this isn’t their first rodeo. They previously raised $20 million from a bunch of investors, including Sam Altman and Google’s AI fund. They even got a digital life insurer license in Bermuda last year. Because why not? Who doesn’t want to mix insurance with a tropical getaway? 🏖️

Read More

2025-04-11 00:04