Xapo Bids for Big Bitcoin Business With Enterprise Security Suite
Bitcoin services provider Xapo has announced the launch of Xapo Institutions, a suite of products aimed at capturing a potentially lucrative customer base that includes businesses, bitcoin exchanges, hedge funds and institutional investors. Institutions launches today with a treasury management system that Xapo contends will empower organisations to better manage bitcoin through permissions and privileges that can help protect large bitcoin holdings from miscues and misconduct. The treasury controls allow users to structure and organize accounts into an array of wallets and vaults, and....
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In a new blog post, Bitcoin company Xapo has revealed more about how they do security. Xapo has also revealed that they have passed a Service Organizational Control 2 (SOC2) financial audit by Burr, Pilger & Mayer LLP. The SOC2 financial audit is a component that many of Xapo's institutional partners require. Xapo's CEO Wences Cesares told CryptoCoinsNews that Xapo's new security measures are meant to assure Bitcoin users around the world that proper security methods do exist and are being practiced by Bitcoin companies. Speaking about security measures for the use of the fledgling....
Bitcoin security company Xapo has reportedly raised a whopping $20 million in Series A-1 funding from Greylock Partners and Index Ventures, we're learning this Tuesday morning from various reports. Other participants in the funding round included Jerry Yang (Yahoo! Inc. co-founder), Emergence Capital Partners, Max Levchin (PayPal co-founder), Yuri Milner. The significant investment breaks a record in the digital currency space, effectively making Xapo the most invested in company operating in the space to date. Previous investors that poured in $20 million into the company include Fortress....
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....
The normally tight-lipped bitcoin services provider Xapo has announced a slew of new updates focused on bolstering its security offerings. Though the move allows the company to remove fees for its signature vault storage service, adding multi-signature authorization to that offering and completing a Service Organization Control 2 (SOC2) Type I Audit. But it is perhaps its partnership with Silicon Valley startup Satellogic that showcases the extent to which it seeks to secure the bitcoin it holds for customers. Today Xapo announced it will work with Satellogic to locate specific elements of....