Meanwhile, a digital asset-denominated life insurance provider has raised $19 million in financing in two seed rounds, including from OpenAI CEO Sam Altman and Google-backed Gradient Ventures. The company offers life insurance denominated entirely in Bitcoin (BTC) and licensed by the Bermuda Monetary Authority. Meanwhile’s products utilise artificial intelligence, allowing applications to be processed faster and more efficiently than traditional insurers. The company aims to reach over a billion people globally and is planning to develop a suite of cryptocurrency-based financial products, including a BTC-denominated private credit fund and term life insurance and accidental death coverage.
First Digital Asset-Denominated Life Insurance Provider Launches with $19M Funding from OpenAI CEO and Google-Backed Fund
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