By Mercy Tukiya Mutanya
October 12th, 2023
Xapo is also expected to expand beyond its Bitcoin-only by allowing customers to trade Ether as well.
First Bitcoin-enabled bank to integrate fiat with crypto.
Xapo Bank is a private bank headquartered in Gibraltar, which operates globally and is licensed as a virtual asset currency provider by the Gibraltar Financial Services Commission. The company originally established to offer a Bitcoin wallet service that combined cold storage vaults with a bitcoin-based debit card. In 2021, Xapo exited the United States market.
Xapo is also expected to expand beyond its Bitcoin-only by allowing customers to trade Ether as well.
Customers of the bank may now use the world’s largest stablecoin for payments.
Asides from integrating a USDC payment rail, Xapo Bank recently partnered with Faster Payment System (FPS) to extend its global reach.