Xapo Bank adds support for Sterling and USDC Stable Currency
It is reported that Xapo Bank, headquartered in Gibraltar and friendly to cryptocurrency, has enabled the payment of sterling and USDC stable currency for its u
It is reported that Xapo Bank, headquartered in Gibraltar and friendly to cryptocurrency, has enabled the payment of sterling and USDC stable currency for its users. Xapo is a licensed private bank and cryptocurrency custodian, focusing on retail customers, and has integrated the flash network of Bitcoin. Seamus Rocca, CEO of Xapo Bank, said: “From today on, we have also added support for sterling through the Faster Payments network, which means that members will be able to pay directly to the UK wallet or bank.” Xapo also activated the USDC payment this week, enabling its users to send and receive stable currency directly to their Xapo bank account without any charge.
Xapo Bank enables sterling and USDC stable currency payment for users
Analysis based on this information:
Xapo Bank, a licensed private bank and cryptocurrency custodian that focuses on retail customers, has reportedly enabled its users to pay using sterling and USDC stable currency. The bank, which is headquartered in Gibraltar and operates in a cryptocurrency-friendly environment, has integrated the flash network of Bitcoin to facilitate seamless payments. Seamus Rocca, the CEO of Xapo Bank, confirmed the news, stating that the bank has added support for sterling through the Faster Payments network.
The addition of sterling support is a significant development for Xapo Bank, as it allows its members to pay directly to the UK wallet or bank. This feature will be particularly beneficial for UK-based customers who prefer to use their native currency instead of converting to other currencies. Additionally, the integration of the Faster Payments network ensures quick and seamless transactions.
This week, Xapo Bank also activated the USDC payment, enabling its users to send and receive stable currency directly to their Xapo bank account free of charge. USDC is a stable cryptocurrency pegged to the US dollar, making it less volatile compared to other digital assets. Its integration with Xapo Bank offers a convenient mechanism for customers looking to avoid the volatility of traditional cryptocurrencies.
Overall, Xapo Bank’s support for both sterling and USDC offers added convenience to its customers. The integration of the flash network of Bitcoin and the Faster Payments network also enables faster and more secure transactions. These developments signal Xapo Bank’s commitment to providing innovative and seamless solutions in the cryptocurrency industry.
In summary, Xapo Bank’s recent announcement regarding support for sterling and USDC stable currency is a significant development in the cryptocurrency industry. The addition of sterling support offers UK-based customers a seamless payment option, while USDC integration provides a more stable digital asset option. Xapo Bank’s innovative solutions are underpinned by the integration of blockchain technologies, such as the flash network of Bitcoin, and the Faster Payments network, leading to faster and more secure transactions.
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