Cryptocurrency insurance company Meanwhile completed $40 million Series A financing, led by Framework Ventures and others

PANews April 10th news, cryptocurrency insurer Meanwhi completed a $40 million Series A funding round led by Framework Ventures and Fulgur Ventures on Thursday, and Wences Casares, founder of cryptocurrency bank Xapo, also participated in the investment, according to Fortune Magazine. This round of financing valued Meanwhile at $190 million, almost double the valuation of the latest round of financing in 2022. Meanwhile will use the funds raised from this round to expand globally and ensure its products meet regulatory requirements.

According to reports, Meanwhile's life insurance policy is similar to general life insurance. The insured must pay the monthly premium calculated by the actuary. However, unlike paying from a bank account or using a check, customers need to pay in Bitcoin from a cryptocurrency wallet. When the insured dies, his family will receive the claim amount in Bitcoin.