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On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is the first fully licensed private bank to offer payments
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“We are now a fully-fledged bank with a USD bank account, which we thought is most appealing to emerging markets,” Rocca said. “If you think about the U.S. and places like Europe, people are predominantly looking at crypto almost as a form of gambling. Whereas in places like Argentina, Venezuela,
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Xapo Bank, an international private bank headquartered in Gibraltar, integrates the Lightning Network to improve its Bitcoin (BTC) capabilities.On March 2, Xapo officially announced a partnership with the Lightning Network infrastructure platform Lightspark, which allowed the firm to implement Lightning on its platform.The integration enables faster and cheaper transactions on Xapo,
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"Serving the U.S. market would require quite a lot of effort, time and investment, it would require a separate organization within Xapo to support it and it would still yield a worse product than what we can offer internationally," Xapo founder Wences Cesares said at the time. Source
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Xapo, one of the earliest bitcoin custodians, is ending its service to U.S. customers as of March 1, according to a customer email dated Dec. 30 obtained by CryptoX.“Due to a change in our global business strategy, Xapo, Inc. is leaving the U.S. market and will be closing all U.S.
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[sociallocker id="55298"] A crypto trader is trying to seize nearly 500 bitcoin from Xapo and Indodax through a new lawsuit that accuses the two crypto exchanges of harboring his stolen funds. Plaintiff Dennis Nowak, a German resident, and his counsel, longtime crypto lawyer David Silver, filed their demand for jury trial
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Coinbase Custody, the U.S.-based crypto exchange Coinbase’s crypto custody service for institutional investors, acquired crypto wallet provider Xapo’s institutional custody business. The transaction value was not disclosed by Coinbase. But Fortune, quoting a person familiar with the matter, said Coinbase paid $55 million, higher than what Fidelity had proposed. The acquisition has grown
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