Xapo Launches The Ability To Purchase Bitcoin Through Wire Transfer
Xapo, a Bitcoin company based in the United States, has just announced the ability to purchase Bitcoins through wire transfer with USD and Euro. The user will have to go through an identity verification process to be eligible for the new feature due to the United States' strict AML and KYC regulations. The user will need to verify their name, address, social security number to receive a reference number which is vital to receive the Bitcoins. This information was sent out in an email by Xapo: We're proud to announce Xapo Deposit - a new feature that allows you to acquire bitcoins via wire....
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If you're a Xapo user, you may have received an email last night from the company with a nice little announcement. The bitcoin debit card and vault provider announced a little something they're calling Xapo Deposit (perhaps aptly enough), a service that will allow users to acquire bitcoin on the Xapo platform via wire transfer. The addition of the feature will allow Xapo's users the ability to more easily get their hands on the digital currency, and thus requiring a place to store them (which is good for Xapo). As one might come to expect, the process is really quite simple. To make it....
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....
Bank of America's filing for a patent for a bitcoin wire transfer system last year was published by the U. S. Patent and Trademark Office (USPTO) on September 17, 2015. The patent seeks to protect a cryptocurrency wire transfer system in which funds sent by a customer electronically could be transferred using the blockchain of the underlying cryptocurrency. In particular, the bitcoin wire transfer system would convert the sender's funds at a cryptocurrency exchange then sent to another cryptocurrency exchange to be converted to foreign fiat currency before the funds are received. Bank of....
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....
The Bank of America Tower in New York City. Bank of America has filed a patent with the US Patent & Trademark Office (USPTO) for a system of wire transfers using cryptocurrency. Published 17th September, the patent describes a system in which funds are sent between accounts using cryptocurrency technology. The word "blockchain" or "block chain" does not appear in the patent. Thomas Edward Durbin and James Gregory Ronca, authors of the filing, state: "Enterprises handle a large number of foreign wire transfer requests on a daily basis. As technology advances, foreign transactions have....