Xapo bitcoin vault

BRINGING BITCOIN TO EVERYDAY LIFE

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Xapo is a Hong Kong-based [1] company that provides a bitcoin wallet combined with a cold storage vault and a bitcoin-based debit card. Xapo CEO and entrepreneur Wences Casares became interested in bitcoins because of the frequent financial fluctuations xapo bitcoin vault his native Argentina.

Casares said Xapo was founded with the aim of making the xapo bitcoin vault currency more secure and accessible. In July Xapo was granted a European e-money license in Gibraltar allowing it to provide xapo bitcoin vault fiat money xapo bitcoin vault and transfer services.

The Xapo Vault consists of physical servers located around the globe that the company says is protected by biometric scanner access, video surveillance, and armed guards. The Xapo vault holds client bitcoins following a full reserve banking and fully segregated model.

Users can verify that their funds are in an individual multi-signature Bitcoin address and not pooled or co-mingled with other users' funds. Legal title to vault bitcoins is always users', with the property registered in their name following the model of allocated bailment gold contracts and never loaned, invested or put at risk.

In case of Xapo going bankrupt or going through a process of liquidation, bitcoins in the vault would be completely insulated and vault users would have clear title to them. United States residents using Xapo. From Wikipedia, the free encyclopedia. Companies portal Information technology portal.

The New York Times. Retrieved 20 June Retrieved 15 October Retrieved 21 June Retrieved 1 October History Economics Legal status. List of bitcoin companies List of bitcoin organizations List of people in blockchain xapo bitcoin vault. Retrieved from " https: CS1 German-language sources de.

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