Digital private banking services
Initially launched as a bitcoin wallet provider in 2014, Xapo has developed as digital banking services for users in various countries. Founded by Wences Casares and Federico Murrone in March 2014, Xapo has launched multiple services including bitcoin-based debit card, cold storage vault, and bitcoin digital wallet.
With investors such as Benchmark Capital, Index Ventures, Emergence Capital Partners, and Pantera Capital, Xapo has raised $40 million to develop further. Their headquarter is currently located in Gibraltar. Xapo has registered and acquires a DLT provider license from the Gibraltar government, allowing them to provide various bank-like services such as sending or receiving money abroad.