Xapo is an all-in-one Bitcoin app that provides users with a secure cold storage Bitcoin wallet, a Bitcoin-based debit card, a Bitcoin exchange, and so much more. The Xapo app is a Hong Kong based company created by Wences Casares & Federico Murrone in 2014. 

Xapo describes itself as a “robust banking alternative that provides the same level of accessibility and security to all facets of your financial life.” It was founded to address two of the biggest issues with Bitcoin’s success and adoption—accessibility and security. The app is available to millions of people around the globe. Whether you’re in India, Argentina, the U.K. or the U.S., Xapo enables users to send and receive money instantly anywhere in the world. 

Users can buy and securely store Bitcoin, transact Bitcoin, or convert Bitcoin to any traditional currency. Users can store money, or send and receive money instantly. Therefore, Xapo is a complete digital banking alternative with full Bitcoin and fiat currency support. Users can send and exchange over 150 currencies including Bitcoin, instantly, anywhere in the world. The app aims to give users complete freedom and control over their finances.

Security is of the utmost importance to Xapo which is why they feature; proprietary data encryption technology, multi-factor authentication and private key segmentation, 24/7 fraud and risk analysis, a round-the-clock security team online, custom permissions for each account member, partition funds for different user groups, and geographic dispersion of assets in vaults. Xapo customer funds are stored offline in secure and encrypted servers that never connect to the internet. 

In less than 4 years, Xapo has grown a user base of millions of users from around the globe. Helping Xapo grow into what it is today are leading investment groups who’ve raised $40 million in funding. These groups include; Benchmark, Greylock Partners, Index Ventures, Fortress Investment Group, Ribbit Capital and Emergence Capital Partners.