Danny Baer, Head of Revenue & Investments at Meanwhile, presents the model of the first fully licensed life insurance carrier to operate entirely on Bitcoin, based in Bermuda. The company holds its regulatory capital in Bitcoin, pays policy benefits in Bitcoin, and offers premiums of 10 BTC that could provide beneficiaries with 15 or 20 BTC, subject to the contract’s terms. The Bitcoin-denominated yield of roughly 2% compounds within the insurance policy, making it a source of permanent capital for the Bitcoin economy. Apollo, Bain Capital Crypto, Northwestern Mutual, and Sam Altman joined Meanwhile’s cap table, with the company arguing that its model allows families to pass on Bitcoin assets without having to manage a seed phrase.
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