Xapo Bank, based in Gibraltar, has launched a new Bitcoin inheritance plan, enabling members to name multiple beneficiaries for their assets, including cryptocurrencies.
Ensuring Secure Transfer of Digital Wealth
Xapo Bank's new service offers a safe and efficient way to transfer both digital and traditional wealth. Users can set up inheritance plans in under five minutes, with no ongoing fees, making it an accessible choice for asset management. The bank offers competitive interest rates: 4.1% for USD accounts and 1% for Bitcoin accounts, allowing clients to diversify investments while earning steady returns.
Xapo Offers Interest-Bearing BTC and Fiat Accounts
Xapo Bank has recently expanded into the UK market, becoming the first to offer interest-bearing Bitcoin and fiat accounts. Clients earn income on their deposits without needing to stake or lock assets. Regulatory teams like the FCA, Bank of England, and Gibraltar authorities have enabled the bank's license operations.
Collaboration of Xapo with Circle
Last year, Circle, a crypto financial services company, collaborated with Xapo Bank to integrate USDC stablecoin payment rails, replacing the SWIFT platform. This partnership made Xapo the first licensed bank to utilize such technology. Clients can deposit and withdraw in USDC without fees, earning 4.1% annual interest on USD savings.
Xapo Bank adopts innovative solutions for secure digital asset transfer and offers competitive client conditions to foster diversification and revenue growth.
