Three years ago, Xapo set out to determine the optimal jurisdiction from which to serve non-U.S. customers. Our research ultimately identified Switzerland as the ideal jurisdiction, as explained in a May 2015 blog post. We are happy to announce that, after almost two years of substantial effort and investment, Xapo has received conditional approval from…
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In light of the Bitfinex hack, we have been asked multiple times, “What happens if Xapo gets hacked?” This is the answer. TL;DR: If Xapo’s hot wallet were hacked, Xapo would cover the loss from its own reserve of bitcoins. Less than 3% of bitcoins are kept in our hot wallet, so our bitcoin reserve would…
Our community stands at a crossroads. The debate about which path to take has, by and large, been a healthy one, and we have not interposed our own positions or interfered in the discourse. Until today, our involvement has consisted of listening, researching and testing. We believe that work is complete, and it is time…
Today Xapo is proud to announce the formation of its advisory board with three visionary leaders, Dee Hock, John Reed and Lawrence H. Summers. Dee Hock is the founder of Visa, and is responsible for effectively creating payment systems as we know them today. “Bitcoin represents not only the future of payments but also the…
For the past year, Xapo has focused on building its infrastructure to offer the most secure bitcoin storage service available. Deemed the Fort Knox of bitcoin, we’ve set a new standard in bitcoin security and treasury management to become a global and trusted provider and the leading custodian of institutionally held bitcoin in the world.…
Xapo is proud to partner with social media powerhouse Taringa! and announce the largest bitcoin integration on any platform to date. Taringa! is the largest social network created in Latin America, with over 75 million users. By introducing bitcoin to Taringa!’s platform, top content creators can now earn bitcoin through Taringa!’s Revenue Sharing Program, rewarding users…
We believe that gaming presents one of Bitcoin’s most exciting growth opportunities, as fast, inexpensive and secure bitcoin payments have the potential to open the global gaming community to players who lack access to a bank account or credit card. For this reason Xapo is today happy to announce our new partnership with CEVO, a…
The New York Department of Financial Services (NYDFS) posted a revised BitLicense proposal on February 25, 2015. The revised proposal reflected many steps in the right direction and addressed numerous concerns voiced by Xapo and the bitcoin industry as a whole. Several of our colleagues expressed sentiments on this issue with which we agree. We…
Today, Xapo is excited to announce our relationship with Bitwage. Bitwage is the world’s first bitcoin payroll provider, allowing individuals to receive all or a part of their salary in bitcoin without requiring their employers to onboard any third party payroll processor. Currently, many international contractors can lose up to 10% of every paycheck due…
Imagine that you’re a wealth manager or a fund investor, and you just raised a $100 million fund with the promise of hefty returns. You relish the moment as your investors stop by to drop off pallets of physical cash in your offices. Once you have all the cash, you take great care to mark…
In some discussions about Greece exiting the Euro, it has been suggested that Greece should swap the Euro for Bitcoin. At first glance, Bitcoin may appear to be the cure. But if the Euro is the problem, switching to Bitcoin would be like trying to cure a headache with a bullet to the brain. The…