Xapo is a private bank headquartered in Gibraltar, which operates globally and is licensed by the Gibraltar Financial Services Commission. The company originally established to offer a bitcoin wallet service that combined cold storage vaults with a bitcoin-based debit card. In 2021, Xapo has exited the United States market. Xapo founding CEO and entrepreneur Wences Casares became interested in bitcoins because of the frequent financial fluctuations in his native Argentina. He has said that his family's finances were “devastated as the economy (in Argentina) rocketed from inflation to deflation to devaluation.” Casares believes that digital currencies such as bitcoin “could solve the disjointed nature of our world economy.” More information...
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