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Meanwhile: First Bitcoin Life Insurance Carrier
Danny Baer, Head of Revenue & Investments at Meanwhile, explains how his Bermuda-based company built the world's first fully licensed life insurance carrier that runs entirely on Bitcoin. The company holds its regulatory capital in Bitcoin and pays out policies in Bitcoin, offering a Bitcoin-denominated yield of about 2% that compounds inside the policy. The company has attracted investors including Apollo, Bain Capital Crypto, Northwestern Mutual, and Sam Altman.