Auzzi Shopping

Men's Weekly

.

Xapo Bank expands global footprint in South Asia, ushering in a new era of hybrid banking

  • Written by Auzzi Shopping

With high-interest USD and BTC accounts now accessible to more regions in Asia, Xapo Bank opens the doors to untapped financial opportunities for the region’s young tech-savvy professionals

GIBRALTAR - Media OutReach - 22 June 2023 - Xapo Bank, a fully licensed private bank that combines traditional banking with the utility of Bitcoin and stablecoins, today announced that it will begin accepting members across South Asia, including India, making its full suite of hybrid banking services and the financial opportunities they present accessible to the ">world’s largest population and one of the fastest growing regions in the world.

Xapo Bank’s latest announcement heralds a significant shift in South Asia’s banking landscape. Through Xapo Bank’s mobile application, users can now securely access a USD offshore savings account and Bitcoin wallet, enjoying competitive annual interest rates of 4.1% on USD deposits and 1% on Bitcoin deposits, paid out daily in satoshis, while having instant and unrestricted access to their funds, all managed with the security of a fully-regulated bank.

Users will further benefit from Xapo Bank’s seamless, swift, and secure crypto-to-fiat conversions, enabling them to deposit or transfer USDT and USDC directly to their USD account, where the stablecoins are instantly converted to USD. Users also gain access to Xapo Bank’s global payments infrastructure, allowing them to send and receive British Pounds or Euros via the Fast Payment System (FPS) and Single Euro Payments Area (SEPA) network almost instantaneously. Across withdrawals and deposits, members will enjoy competitive exchange rates managed by Xapo Bank.

Seamus Rocca, CEO of Xapo Bank, said: “Xapo Bank’s decision to accept members across South Asia, including India, represents an opportunity to provide our hybrid banking and investment solutions to its large underserved populations, bridging an important gap in the region’s financial systems and allowing its savvy savers, investors, and professionals the freedom to explore their financial potential with a single mobile application. This is in line with the positive shifts we are witnessing in Asia’s evolving crypto landscape, as well as our mission to make transacting transparently and securely from anywhere in the world as simple as it can be for our members. We’re very excited about this opportunity and hope to add significant value to the region’s rapidly growing banking landscape.”

With its unique payment rails and comprehensive suite of private banking services, Xapo Bank offers its members a robust, efficient, and cost-effective pathway to cross-border banking services and wealth-building opportunities. With this momentous move, Xapo Bank remains committed to empowering its members with faster and cheaper options for cross-border transactions, contributing to the industry's growth and wider adoption.

To learn more about Xapo Bank’s services, visit: https://www.xapo.com/

Hashtag: #xapobank #cryptobanking #india #stablecoins #SEPA #BTC

The issuer is solely responsible for the content of this announcement.

About Xapo Bank

is a fully licensed private bank that combines traditional banking with access to Bitcoin and stablecoins. Founded in 2013, Xapo became one of the most trusted Bitcoin custodians in the industry, providing users with a secure platform to store and transact with their cryptocurrency. Coinbase's custody arm purchased Xapo's institutional custody business in 2019. Pivoting to service solely retail customers, it evolved into Xapo Bank, the first crypto company in the world to obtain a banking license, issued and regulated by the Gibraltar Financial Services Commission. It has since expanded its offerings to include a full suite of private banking services. With this expansion, Xapo Bank is poised to become one of the leading private banks in the world, offering clients a level of security, privacy, and flexibility that is unmatched in the traditional banking industry.

Today's Features at Auzzi

Expert Solutions for Concrete Repairs Melbourne

Concrete is one of the most durable and widely used construction materials in both residential and commercial settings. However, over time, even concrete can show signs of wear and tear du...

Why Smaller Venues Are Winning Big With Community Events

Smaller venues create intimate, authentic experiences that large halls can’t replicate Local character and atmosphere turn community events into memorable gatherings Flexibility an...

Inside the Growth of Creative Work Spaces for Local Professionals

Professionals are moving away from city offices in favour of flexible, community-based work spaces These environments bring financial and social benefits to local suburbs Creative sp...

Split Corrugated Conduit and Solar Conduit: Safe and Durable Cable Management Solutions

In modern electrical and solar installations, proper cable management is non-negotiable. Split corrugated conduit and solar conduit systems play a vital role in safeguarding cables, impro...

Lighting Stores Perth: A Comprehensive Guide to Finding the Perfect Lighting Solutions

Lighting is a vital component in both residential and commercial spaces. It influences the ambiance, functionality, and even the perception of space. Lighting stores Perth serve as key de...

Outsource Loan Processing: What Mortgage Brokers Must Know

In the fast-moving world of mortgage broking, there's one reality every broker eventually faces, there’s never enough time in the day. Between juggling client meetings, chasing documents, ...

Plumber Services Melbourne: Reliable Solutions for Every Household and Business

Having access to plumber services Melbourne is essential for homeowners, landlords, commercial property managers, and businesses of all types. Plumbing systems play a crucial role in ever...