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Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n

<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n

Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n

<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n

\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n

Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n

<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Global Hub For Crypto Innovation<\/h2>\n\n\n\n

Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n

\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n

Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n

<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n

Global Hub For Crypto Innovation<\/h2>\n\n\n\n

Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n

\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n

Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n

<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n

Global Hub For Crypto Innovation<\/h2>\n\n\n\n

Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n

\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n

Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n

<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\u201cWe have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market. Achieving this is no easy feat and shows we meet the UK\u2019s high regulatory standards.\u201d<\/em><\/p>\n\n\n\n

Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n

Global Hub For Crypto Innovation<\/h2>\n\n\n\n

Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n

\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n

Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n

<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Xapo Bank CEO Seamus Rocca described the UK license as \u201cno easy feat,\u201d emphasizing that the institution is eager to expand local membership. He remarked.<\/p>\n\n\n\n

\u201cWe have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market. Achieving this is no easy feat and shows we meet the UK\u2019s high regulatory standards.\u201d<\/em><\/p>\n\n\n\n

Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n

Global Hub For Crypto Innovation<\/h2>\n\n\n\n

Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n

\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n

Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n

<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Xapo customers can send up to \u00a31 million or approximately $1.28 million and make payments to UK-based bank accounts and wallets. The Bitcoin accounts give 1% yields without staking, lending, or locking up assets. The bank became the first and only bank in the UK to launch interest-bearing Bitcoin and fiat banking accounts.<\/p>\n\n\n\n

Xapo Bank CEO Seamus Rocca described the UK license as \u201cno easy feat,\u201d emphasizing that the institution is eager to expand local membership. He remarked.<\/p>\n\n\n\n

\u201cWe have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market. Achieving this is no easy feat and shows we meet the UK\u2019s high regulatory standards.\u201d<\/em><\/p>\n\n\n\n

Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n

Global Hub For Crypto Innovation<\/h2>\n\n\n\n

Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n

\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n

Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n

<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Xapo Bank has officially debuted a combined interest-bearing US dollar and Bitcoin (BTC) banking accounts in the UK. The launch happened after the Gibraltar-based bank successfully obtained a local banking license.<\/p>\n\n\n\n

Xapo customers can send up to \u00a31 million or approximately $1.28 million and make payments to UK-based bank accounts and wallets. The Bitcoin accounts give 1% yields without staking, lending, or locking up assets. The bank became the first and only bank in the UK to launch interest-bearing Bitcoin and fiat banking accounts.<\/p>\n\n\n\n

Xapo Bank CEO Seamus Rocca described the UK license as \u201cno easy feat,\u201d emphasizing that the institution is eager to expand local membership. He remarked.<\/p>\n\n\n\n

\u201cWe have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market. Achieving this is no easy feat and shows we meet the UK\u2019s high regulatory standards.\u201d<\/em><\/p>\n\n\n\n

Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n

Global Hub For Crypto Innovation<\/h2>\n\n\n\n

Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n

\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n

Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n

<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • The move underscores the UK\u2019s positioning as a crypto hub.<\/li>\n<\/ul>\n\n\n\n

    Xapo Bank has officially debuted a combined interest-bearing US dollar and Bitcoin (BTC) banking accounts in the UK. The launch happened after the Gibraltar-based bank successfully obtained a local banking license.<\/p>\n\n\n\n

    Xapo customers can send up to \u00a31 million or approximately $1.28 million and make payments to UK-based bank accounts and wallets. The Bitcoin accounts give 1% yields without staking, lending, or locking up assets. The bank became the first and only bank in the UK to launch interest-bearing Bitcoin and fiat banking accounts.<\/p>\n\n\n\n

    Xapo Bank CEO Seamus Rocca described the UK license as \u201cno easy feat,\u201d emphasizing that the institution is eager to expand local membership. He remarked.<\/p>\n\n\n\n

    \u201cWe have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market. Achieving this is no easy feat and shows we meet the UK\u2019s high regulatory standards.\u201d<\/em><\/p>\n\n\n\n

    Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n

    Global Hub For Crypto Innovation<\/h2>\n\n\n\n

    Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n

    \"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n

    Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n

    <\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • Users will earn 1% yields on Bitcoin.<\/li>\n\n\n\n
  • The move underscores the UK\u2019s positioning as a crypto hub.<\/li>\n<\/ul>\n\n\n\n

    Xapo Bank has officially debuted a combined interest-bearing US dollar and Bitcoin (BTC) banking accounts in the UK. The launch happened after the Gibraltar-based bank successfully obtained a local banking license.<\/p>\n\n\n\n

    Xapo customers can send up to \u00a31 million or approximately $1.28 million and make payments to UK-based bank accounts and wallets. The Bitcoin accounts give 1% yields without staking, lending, or locking up assets. The bank became the first and only bank in the UK to launch interest-bearing Bitcoin and fiat banking accounts.<\/p>\n\n\n\n

    Xapo Bank CEO Seamus Rocca described the UK license as \u201cno easy feat,\u201d emphasizing that the institution is eager to expand local membership. He remarked.<\/p>\n\n\n\n

    \u201cWe have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market. Achieving this is no easy feat and shows we meet the UK\u2019s high regulatory standards.\u201d<\/em><\/p>\n\n\n\n

    Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n

    Global Hub For Crypto Innovation<\/h2>\n\n\n\n

    Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n

    \"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n

    Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n

    <\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
      \n
    • Users will earn 1% yields on Bitcoin.<\/li>\n\n\n\n
    • The move underscores the UK\u2019s positioning as a crypto hub.<\/li>\n<\/ul>\n\n\n\n

      Xapo Bank has officially debuted a combined interest-bearing US dollar and Bitcoin (BTC) banking accounts in the UK. The launch happened after the Gibraltar-based bank successfully obtained a local banking license.<\/p>\n\n\n\n

      Xapo customers can send up to \u00a31 million or approximately $1.28 million and make payments to UK-based bank accounts and wallets. The Bitcoin accounts give 1% yields without staking, lending, or locking up assets. The bank became the first and only bank in the UK to launch interest-bearing Bitcoin and fiat banking accounts.<\/p>\n\n\n\n

      Xapo Bank CEO Seamus Rocca described the UK license as \u201cno easy feat,\u201d emphasizing that the institution is eager to expand local membership. He remarked.<\/p>\n\n\n\n

      \u201cWe have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market. Achieving this is no easy feat and shows we meet the UK\u2019s high regulatory standards.\u201d<\/em><\/p>\n\n\n\n

      Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n

      See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n

      Global Hub For Crypto Innovation<\/h2>\n\n\n\n

      Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n

      \"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n

      Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n

      <\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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