xapo

Xapo is a Gibraltar-based organization that offers a bitcoin wallet merged with a cold storage vault along with a bitcoin-based debit card. The company enables people a way to manage their funds as and when required by offering a range of services like a Bitcoin wallet, vault, currency exchange, and debit card. Established with the aim of making the bitcoin digital currency more secure and accessible, the platform operates through a mobile app virtually.  Xapo was founded in 2013, by Wences Casares, and Federico Morrone, and is headquartered in Zurich, Switzerland.  Xapo is constantly evolving and adapting its services to ensure individuals can grow their wealth and reach their potential. The company is backed by one of the most significant people in the bitcoin space and has investors from Silicon Valley and Wall Street. Greylock Partners, benchmark Investments, Softbank, and Ribbit Capital are the most significant and trusted investors of the company. Xapo raised total funding of $40 million as of August 2014, the funding round was led by Benchmark, Fortress Investment Group, Pantera Capital, and Ribbit Capital. In July 2018, the company was awarded a BitLicense by the New York State Department of Financial Services with its formal approval to operate in the New York state as a regulated Bitcoin business.