Zac Townsend, CEO of Meanwhile. Photo illustration: Axios Visuals. Photo: Paige Newton, courtesy of Meanwhilecrypto's original vision: An alternative financial system based on a monetary system that's not subject to the whims of politicians and has this culture of long-term store of value, and that's really what life insurance is about," Townsend says.
Townsend called that price a "ballpark." The minimum buy-in, for now, is five bitcoin over five years .the company runs a conservative credit desk, targeting a 3% return in bitcoin ."We accept all our premiums in bitcoin. We pay all our claims in bitcoin," Townsend says. "Because all our assets and liabilities are in bitcoin, the price of bitcoin doesn't matter.
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