How Xapo Bank is Future-proofing Finance for the Crypto Native

In an interconnected world where borders are blurred and digital currencies continue to gain popularity, being crypto-native is more important than it’s ever been before. 

Cryptocurrency; stablecoins; US dollar accounts; and revolutionary networks for cross-border payments — there are plenty of ways to navigate our global village, but very few digital banks that let you do it all from one place. Enter Xapo Bank. 

Bitcoin and US Dollars under the same roof

Holding your USD and Bitcoin in the same banking app comes with many advantages. Firstly, it’s a convenient way to access and handle your traditional and digital currencies alongside each other, so there’s no more hopping between multiple apps just to perform a simple transaction. 

And you get more than just a secure way to store and transact fiat and cryptocurrency. Xapo Bank gives you the chance to grow your wealth with high annual interest rates that are paid out daily, so you can watch your wealth grow in real time. 

Keeping up with the demands of today’s economic climate also means you need to be adaptable with your finances. That’s why we give you the freedom to access your funds anytime, day or night with no lock-in periods, minimum balance requirements, or hidden fees. It’s a hassle-free way to manage your finances and be ready for anything. 

 Send Bitcoin in a flash with the Lightning Network

With the power of Bitcoin at your fingertips, Xapo Bank gives you access to the full suite of Bitcoin’s benefits. By connecting you to the Lightning Network, you have direct access to the most efficient and affordable way to make Bitcoin payments. 

The Lightning Network acts as a superfast and inexpensive highway that’s built on top of the regular Bitcoin Network, enabling users to send and receive BTC payments with minimal costs and in a fraction of the time.

Beyond its speed and affordability, the Lightning Network is also extremely reliable. It’s run through a decentralised network of computers that together verify and validate each transaction, promising round-the-clock security. 

It’s always on, and it’s always fast.

Versatility with stablecoins

When it comes to making secure transactions worldwide, stablecoins come with far more freedom and flexibility than what standard fiat transactions can offer. The key lies in their borderless nature while maintaining a steady value that’s pegged to currencies or assets like the US dollar or gold. 

Unlike cryptocurrencies that can experience regular, and sometimes sharp price movements, stablecoins stay true to their name and tend to keep a steadier and more reliable price. And thanks to blockchain technology, transactions with stablecoins are near-instant, cheap, and very efficient for cross-border payments like salaries, remittances, and general transactions. 

Stablecoins like USDC and USDT (Tether) have become go-to digital alternatives for international payments. Sending and receiving these stablecoins through the Xapo Bank app is especially easy since transactions are instantly converted to and from US dollars into the chosen stablecoin, all at a very low cost.

Seamless global payments

Transferring money across borders and oceans is typically very expensive. Normally, these actions are complex and involve many processes and intermediaries that all take a slice of your transaction in the form of fees and exchange rates. 

When crypto and stablecoin payments aren’t an option, Xapo Bank still gives you a gateway to make international transactions to Europe and the UK with ease using revolutionary networks like SEPA (Single Euro Payments Area) and FPS (Faster Payments Service). 

Designed by banks and governments, these networks ensure smooth and affordable transactions in their supported territories. When you use SEPA and FPS with Xapo Bank, your funds are automatically converted between US dollars and local currencies at a great exchange rate — so you don’t need to budget for any unnecessary expenses like you normally would.

Disclaimer‍

This article is for general information purposes only and is not intended to constitute legal or other professional advice or a recommendation of any kind whatsoever and should not be relied upon or treated as a substitute for specific advice relevant to particular circumstances. We make no warranties, representations or undertakings about any of the content of this article (including, without limitation, as to the quality, accuracy, completeness or fitness for any particular purpose of such content), or any content of any other material referred to or accessed by hyperlinks through this article. We make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up-to-date.