Bitcoin Life Insurance Firm Meanwhile Raises $40M to Expand Globally [Yahoo! Finance]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Yahoo! Finance
Townsend said on Thursday in an X post . The investment was led by venture capital firms Framework and Fulgur Ventures, with early Bitcoin-advocate Wences Casares also participating. Traditional life insurance pays out in fiat currencies. Meanwhile flips this model, keeping premiums and benefits in bitcoin, aiming to help policyholders guard against inflation and currency devaluation. In countries where local currencies lose value, holding policies in BTC could help preserve purchasing power for future payouts. However, policyholders also take on bitcoin's price volatility. Read more: Crypto for Advisors: Bitcoin Inheritance Strategies The firm plans to use the funds to accelerate its global rollout, targeting regions where inflation and currency instability are everyday concerns, Townsend said. Meanwhile did not disclose its current valuation or specific market entry plans in the announcement. "This round gives us significant capital to power our journey of building the world
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