Xapo Responds to Backlash Over Bitcoin Debit Card Fees
This piece has been updated with statements issued in a new Xapo blog post. California-based bitcoin wallet provider Xapo is facing community backlash following the release of its latest product, the Xapo Debit Card. Xapo started shipping the cards on 30th July, roughly one month after its original estimated launch date. Yet the news has largely been overshadowed by the company's recently published fees and limits schedule. The schedule eventually found its way to reddit, evoking a strong response from customers who were upset to find the product would be more expensive than they....
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XAPO Cat is watching you... You may have heard about how XAPO is charging excessive previously undisclosed fees on their Xapo Debit Card, but what you may not know is that they will reimburse you for the third-party monthly fees, in Bitcoin! Though, aside from the $15 shipping fees, XAPO included a few other hidden fees they consider to be "customary fees just as with any other debit card." XAPO Debit Card Fees. XAPO has been under a lot of PR stress lately as they released the fee schedule from their debit card supplier. On August 4th, XAPO posted an update on their news feed which stated....
Bitcoin start-up Xapo is feeling pressure from the community this week following a string of posts on Reddit.com condemning the company for charging fees - something one would expect any business to do in order to remain afloat. And Xapo has taken the opportunity to go on the record and make clear what's going on with fees and shipping in this blog post, which you can click here to view. On acquiring the card: When we announced the Xapo Debit Card a few months ago, we noted that there would be a one-time fee of US$15 in connection with ordering the card. That is still the case. Users who....
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....
Following months of anticipation, some of Xapo's global customers, including the CoinDesk team, received the company's bitcoin debit card last week. Though bitcoin debit card offerings have been on the market for some time, Xapo's product is unique in that consumers can make payments and withdraw money straight from their bitcoin wallets, rather than needing to load the card first. As such, excitement was predictably high for the Xapo Debit Card's release, with many bitcoin users lauding the initial announcement on 24th April. Enthusiasm remained strong, even as Xapo lost support from its....
Xapo: Making Bitcoin Easy & Accessible For All. We have all been waiting and waiting for Xapo's Bitcoin Debit Card and according to Ted Rodgers, the Chief Strategy Officer at Xapo, our wait will soon be coming to an end. In fact, the first shipment of debit cards went out on July 29, 2014, so many of those who pre-ordered, should check their mailboxes this afternoon. The Xapo debit card is the world's first Bitcoin debit card that is tied to your wallet balance. The card acts as a seamless extension of your Xapo wallet and allows Bitcoin holders to spend their bitcoins at any merchant that....