Meanwhile raises $40M to bring BTC life insurance to inflation-prone economies

Meanwhile, Crypto raised $ 40 million to expand the scope of life insurance provided by Bitcoin, which targets the so -called “exposed economies” where document holders may search for alternatives to FIT -based traditional payments.

The investment round of the series A Framework Ventures and Fulgu Ventures led, with additional participation from the founder of Xapo WENTS Casares, the company revealed on April 10.

Meanwhile, he previously received $ 20.5 million of seed financing with the support of Openai Sam Altman and others.

source: At the same time

It is organized by the Bermuda Monetary Authority, and at the same time, a full -life policy provides a permitted life in Bitcoin (BTC), giving documents holders the ability to protect the value of insurance on their lives against the currency.

Document holders can access the value of their lives at any time through tax -exempt loans and withdrawal.

Meanwhile, co -founder Zach Townsin said luck The lifestyle insurance of the company works similar to the typical life insurance policies, but monthly installments are paid in Bitcoin. When the document holder passes, their families receive the entire claim in BTC.

Townsin said that the company’s policies are directed towards customers who live in high -enlarged areas or instability in the currency. Looking at the inflationary trends of Western economies and extreme currency fluctuations in emerging markets, this wide network has threw its treated market.

Related to: Bitcoin price can gather even with the emergence of the World Trade War – Here is the reason

Bitcoin and the problem of inflation

Bitcoin’s shrinkage design has made a common store of value for an early currency adoption, but its role is like a hedge of inflation in the traditional sense is subject to discussion.

2025 Ticket That appeared in Economy and Business Magazine He decided that the capabilities of inflation in Bitcoin have weakened in recent years due to the high institutional adoption. The study indicated that Bitcoin decreased by 60 % in 2022, when inflation in the United States increased to an increase of 40 years over 9 %.

However, some analysts may contradict this claim by saying that investors bought bitcoin during the epidemic on expectations that inflation would rise due to the massive government motivation.

During this period, “investors saw that inflation was coming, so they started buying the bitcoin top”, ” He said Investor and analyst Anthony Box.

Regardless of whether Bitcoin meets the artistic definition of inflation, the original has greatly outperformed inflation, or the currency reveals, from its inception.

Bitcoin price fell to less than 80,000 dollars on April 10 after the latest inflation data in the United States, which led to renewed fluctuations in the market. However, the report showed a sharp slowdown in annual inflation in March, as the consumer price index fell to 2.4 % of 2.8 % in February.