Xapo Offers Updates on Fees and Shipping
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....
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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....
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....
A few weeks after suffering the wrath of Bitcoiners about unexpected cards fees that came with a two-month card shipping delay, the company is experiencing new setbacks from customers that complain about funds not showing up. Editor: XAPO response at the bottom of this post. XAPO Customers Complain. XAPO, the company with the largest capitalization of all Bitcoin industry with a $40M record fundraising, is again experiencing the wrath of its users. A Redditor has indeed reported a mysterious case of funds not showing up: after transferring 10 BTC ($ 4,030) to his Xapo's account, he....
Upon the interests of those that have awaited for the highly anticipated bitcoin debit cards of Xapo, the multi-million dollar startup has finally begun shipping its cards internationally. However, in correlation to its launch, Xapo has announced that the cards cannot be shipped to the United States, and cannot be used by its residents. "Unfortunately, Xapo cannot issue nor ship the Xapo Debit Card to users who reside in the following countries: United States Minor Outlying Islands Uzbekistan Vanuatu Venezuela Vietnam Virgin Islands, U.s. Wallis And Futuna Western Sahara Yemen Zambia....
Josh Zerlan, VP of Product Development at Butterfly Labs, has provided customers with updates relating to the company's upcoming Monarch bitcoin miner. Dated April 19th, the information came in the form of a forum post in which Mr. Zerlan notes the Kansas-based company continues to test and manufacture the miners: The revision 2 (or revision B) chips have arrived at our testing facility in California. They are being tested today and tomorrow and will arrive in Chicago on Monday, where they will be mounted on the new boards and sent to our office for final review. We expect a few days of....