Secure Bitcoin Storage Vault Xapo Ltd. Raises $20 Million in Funding
Secure bitcoin storage service Xapo Ltd. has managed to raise $20 million in first-round funding from Benchmark Capital, Ribbit Capital, and Fortress Investment Group LLC. The service, which has several thousand accounts set up, is fully insured by Meridian Insurance, and will allow end users to safely store away their bitcoins in addition to using a web-based bitcoin wallet. The company's servers are set up in undisclosed locations below ground, protected by armed security guards, according to Wences Casares, Xapo founder and CEO. "We are the first Bitcoin vault fully protected and....
The latest Bitcoin development just might revolutionize the popular cryptocurrency, fueling the largest cryptocurrency network. Last week, a company known for offering a secure place for customers to safely store their bitcoins has expanded into new territory. In the past, Xapo's objective has been to build trust in the cryptocurrency industry by providing a secure vault, a place where users can store their bitcoins and be assured they are safe. After assembling a team of financial services and security experts, the tech company has designed a link between storage and usage. According to....
Xapo, a provider of secure bitcoin wallet and vault storage solutions deemed "the Fort Knox of bitcoin," announced that it is relocating its corporate headquarters to Zurich, Switzerland. The company will retain a small presence in its previous home base in Palo Alto, California to serve U. S. customers, but its main operations will move to the new home base. Xapo's primary deep cold storage vault is already located in Switzerland (the precise location hasn't been disclosed), with additional secure sites deployed around the globe. "[A]t the request of our expanding global customer base,....
Xapo’s goal has been aspiring for us from the first sight: Making bitcoin more popular. It is something we work for every day. You can imagine how excited we were when we received the new debit card. Xapo launched in March 2014 with the Bitcoin wallet and cold storage vault. In April of this year, Xapo announced the addition of its debit card. The new Xapo card syncs with the Xapo Wallet. “We are focused on making bitcoin more secure and safer and making it easier to use, the debit card is something that our customers have requested. You just have one card that you can use everywhere....
Bitcoin service provider Xapo has launched a new feature that enables users to purchase bitcoins directly from the company. The company announced the new service, Xapo Deposit, via its blog earlier this week. According to Xapo, users can now send euro and US dollar payments via wire transfer and receive bitcoin in return. Going full circle. Xapo's blog post pointed to its bitcoin debit card, wallet and insured vault storage as evidence that it has "come full circle" in offering customers the ability to secure, transact and now acquire bitcoins. Now that Xapo users can reload their accounts....
