Xapo provides digital banking services that focus on managing and storing money using Bitcoin and other cryptocurrencies. The platform allows users to buy Bitcoin, store it securely in ultra-secure Vaults, and manage their funds easily through a user-friendly app. Xapo is designed for both individuals and businesses, offering a fast and secure way to send and receive money globally, making it particularly useful for cross-border transactions. Unlike traditional banks, Xapo emphasizes high-security measures and accessibility, catering to users in both developed and developing countries. The company's goal is to democratize money and empower people by breaking down financial barriers and creating new opportunities for everyone.

Coinbase

Pantera Capital

Slow Ventures

Benchmark

Greylock Partners

Digital Currency Group

Endeavor Catalyst

Index Ventures

Fortress Investment Group

Ribbit Capital

Max Levchin

Yuri Milner

Blockchain Capital

Winklevoss Capital

AME Cloud Ventures

Emergence

Fintech

Financial Services

Xapo Bank

Xapo Bank is partnering with DriveWealth, which is a member of the Securities Investor Protection Corporation, to roll out the 'Stocks' feature with an added security layer.

Crypto friendly Xapo Bank launches stocks investment feature

Xapo Bank, a fully licensed private bank that combines traditional banking with access to Bitcoin and stablecoins, announced an integration with the single euro payments area (SEPA) network, allowing members the seamless movement of funds in Euros (EUR). First introduced in 2008 and comprising 36 countries, SEPA allows “for cashless EUR payments to anywhere in the European Union (EU), as well as a number of non-EU members, in a fast, safe and efficient way.”. The SEPA feature within Xapo Bank’s mobile application “enables members to send funds to or settle invoices with individuals and businesses holding accounts in any of the countries within the SEPA network.”

Xapo Bank Introduces Euro Payment Rails, Expanding Integrated Offering For Crypto, Retail Banking

Xapo Bank has partnered with Lightspark and integrated with the Lightning Network to offer near-instant Bitcoin payments for its customers.

Xapo Bank's Lightning Integration: Lightning-Fast Bitcoin Payments with Near-Zero Fees | AlexaBlockchain

Xapo Group is excited to announce the launch of the Xapo Bank metal card.

The Xapo Bank Metal Card: as exclusive as our members are

Bitcoin (BTC) custodian and licensed private bank Xapo Bank partnered with Lightning Network infrastructure builder Lightspark and integrated with the Lightning Network, enabling users to instantly pay for small purchases of up to $100 at any vendor which accepts Lightning payments without high transaction fees and long blockchain confirmation waiting times.

Today in Crypto: Xapo Bank Partners with Lightspark & Integrates Lightning Network, Ethereum Shanghai Fork Pushed Back, Casper Labs’ Long-term Partnership with SkyBridge & Al Maskari Holding

To tackle these challenges, Xapo invested heavily in cold-storage offline servers located in different continents.

Xapo Bank: from the “Fort Knox of Bitcoin” to the world’s first crypto private bank

Geneva, Switzerland - January 22, 2024: WISeKey International Holding Ltd. ("WISeKey") (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) solutions operating as a holding company, today announced that its subsidiary WISe.ART, a leader in the field of digital art, has partnered with Xapo Bank, a trusted financial institution, on a groundbreaking art exhibition.

WISeKey and Xapo Bank Join Forces to Showcase WISe.ART Digital and Physical Art Exhibition in Gibraltar

Xapo Bank, a leading Bitcoin custodian and licensed private bank, has collaborated with Circle, a global financial technology company helping money move at internet speed, to become the first licensed bank in the world to integrate USDC payment rails as an alternative to SWIFT.

Xapo Bank Becomes The First Fully Licensed Bank To Enable USDC Deposits and Withdrawals | Financial IT

Xapo Bank, a licensed private bank that aims to combine traditional banking with access to Bitcoin and stablecoins, claims to have become the first bank in the world to integrate Tether (USDT) payment rails. Xapo Bank is regulated and based in Gibraltar. Earlier this year, Xapo announced that it was supporting USDC – the dollar based stablecoin issued by Circle.Xapo says it is beginning with a phased rollout; the payment rails will be fully available to all members by the end of the month.Building on its existing USDC rails that were launched in March, the bank is now “enabling members to leverage the world’s most widely adopted stablecoin for payments as an alternative to time consuming and costly SWIFT rails.”With a market cap of $82 billion, USDT is currently the largest dollar stablecoin by market cap ahead of competitor USDC.In general, stablecoins can provide an efficient method of processing value by leveraging distributed ledger technology. In certain economies, stablecoins can also provide a hedge against accelerated inflation.Xapo Bank reports that it has “seen a strong appetite for the efficiency of stablecoin deposits and withdrawals amongst its members, many of whom are based in emerging markets.”Since enabling USDC deposits in November, it reports that it “has received $48 Million in USDC deposits and enabled $4.5M in USDC withdrawals since the function went live in March.”It has also experienced “a 19% increase in member onboarding requests since the USDC withdrawal function went live in March.”By allowing members to deposit and withdraw using USDT with no fees charged, Xapo Bank is bringing “its 4.1% annual interest rate return on deposits to the attention of a new cohort of potential members who are looking for an alternative to SWIFT payments.”Similarly to its USDC offering, Xapo Bank is “offering a 1:1 conversion rate from USDT to USD.”All USDT deposits “received by Xapo Bank are automatically converted to USD, meaning that members can benefit from a 4.1% annual interest rate on USD deposits.”A fully licensed and regulated bank, Xapo Bank is “a member of the Gibraltar Deposit Guarantee Scheme, meaning that Xapo Bank guarantees its members’ USD deposits up to the US dollar equivalent of €100,000.”Xapo Bank does “not take any risks with deposits received using USDT. All such deposits are automatically converted to USD and deposited into the member’s account.”Unlike traditional banks, Xapo Bank does “not lend and therefore does not rely on fractional reserve banking to make money as its core business model.” Instead, it has “all its customers’ funds in reserve and invested in short term liquid assets in order to pass the benefit of that interest earned, to its customers.”Seamus Rocca, CEO of Xapo Bank said:“Xapo Bank is the only regulated bank in the world which offers a USD account with stablecoin rails. This is a unique offering that combines the compliance and safety of a traditional bank, with the speed, efficiency and breadth of use of USDT

Stablecoins: Xapo Bank Expands Stablecoin Payment Rails, Becoming “First” Licensed Bank To Enable Tether Deposits, Withdrawals

Xapo Bank, a leading Bitcoin custodian and licensed private bank, has partnered with Lightspark and integrated with the Lightning Network to enable lightning-fast Bitcoin payments for its customers. Xapo Bank members can now instantly pay for small purchases of up to $100 USD at any vendor which accepts Lightning payments without suffering high transaction fees and long blockchain confirmation waiting times. As advocates for the most trusted cryptocurrency in the world, Xapo Bank also offers an annual interest rate of 4.1% on US dollars and will soon be offering up to 1% on Bitcoin, divided over the year and paid out daily.The Lightning Network enables scalable payments at millions of transactions per second across the network. This integration will reduce the time-consuming and costly experiences that often plague users who pay for small transactions in Bitcoin. Xapo Bank will be the first fully licensed private bank to offer near–instant Bitcoin payments and its goal is to be the largest Lightning node, expanding the network’s use across a host of new users.Seamus Rocca, CEO of Xapo Bank, said: “The average transaction confirmation time of one hour combined with potentially large fees during periods of high usage make the Bitcoin network unsuitable for small daily payments such as groceries. By integrating with the hyper-efficient Lightning Network, we are the first bank in the world to streamline this process and allow our members to pay for small purchases with Bitcoin without having to convert to USD first

Xapo Bank Partners With Lightspark, Becoming The First Fully Licensed Private Bank To Offer Near-Instant Bitcoin Payments Through Lightning Network Integration

Digital banking platform for cryptocurrency management

Xapo Bank

Digital banking platform for cryptocurrency management

Xapo Bank

Digital banking platform for cryptocurrency management

About

Simplify's Take

What believers are saying

What critics are saying

What makes Xapo Bank unique

Benefits

Recently Posted Jobs

There are no jobs for Xapo Bank right now.