Xapo Bank Enables Sterling and USDC Payments for Customers
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 headquartered in Gibraltar, has announced that it has enabled sterling and USDC stable currency payments for its users. The bank, which focuses on serving retail customers, has integrated the flash network of Bitcoin to offer fast and secure transactions.
Seamus Rocca, CEO of Xapo Bank, expressed his excitement about the latest developments regarding the Faster Payments network for sterling and the integration of USDC payments. “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,” said Rocca.
With the integration of sterling payments, Xapo Bank users can now send and receive funds directly to their UK wallets or bank accounts without any charge. This benefits both retail and institutional customers who frequently transfer funds in multiple currencies.
Xapo Bank has also activated USDC payments this week, enabling its users to send and receive stable currency directly to their Xapo bank account without incurring any fees. The USDC stable currency can be used as an alternative to traditional banking options, offering users the same security and stability as fiat currencies but with faster transaction processing speeds.
Xapo Bank’s latest move demonstrates the growing necessity for cryptocurrency custodians to offer reliable and accessible banking services to meet the demands of retail and institutional customers. It also highlights the growing trend of integrating stable coins, such as USDC, to offer users an alternative to volatile cryptocurrencies, such as Bitcoin.
In conclusion, Xapo Bank’s integration of sterling and USDC payments is a strategic move that reflects the company’s aim to enhance its customers’ experience by offering fast, secure, and accessible banking services.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/7213.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Dubai Economic Free Zone to Invest $5 Million in Global Bitcoin Center
It is reported that Bitcoin Magazine said on social media that the Dubai Economic Free Zone will invest an additional US $5 million to build a global Bitcoin a…
-
The USDC Treasury Department destroyed 101062793 USDCs
According to reports, according to Whale Alert monitoring data, 101062793 USDCs ($101179481) were destroyed by the USDC Treasury Department.
The USDC Treasury Department destroyed -
Nefta raises $5M seed round to build web3 infrastructure
It is reported that Nefta, a web3 infrastructure start-up, announced to complete a seed round financing of US $5 million at a valuation of US $32.5 million. Pl…
-
Ethereum Makes a Net Withdrawal of 25,000 ETH Post Shanghai Upgrade
According to reports, Token. Unlock data shows that Ethereum has made a net withdrawal of approximately 25000 ETHs since completing its Shanghai upgrade. In addition, according to
-
Circle Delays USDC Transactions on Signature Bank’s Signet Network until Monday
It is reported that Circle sent a notice to the trading company that the USDC transaction conducted through the Signature Banks Signet network will not be proce
-
Voyager to Comply with Applicable Laws to Advance Binance US Transaction: Court Approves Settlement
On April 22nd, the Voyager Unsecured Creditors Committee announced on social media that the US District Court has approved a resolution to settle with the US authorities to advance
-
Sotheby’s suspends auction of “Natively Digital: Glitch-ism” NFT
According to reports, Sotheby\’s, a well-known auction house, has announced that it has suspended the auction of \”Natively Digital: Glitch-ism\” NFT because one of the artists, Patri
-
US Treasury: DeFi should plan in some compliance areas
According to reports, Assistant Secretary of the Treasury Elizabeth Rosenberg stated that the Treasury is strengthening its regulatory system and DeFi should plan for some complian
-
What is bags coin (What is bags coin)?
What is bags coin According to official news, what is BAGS coin? What kind of c
-
The US FDIC, Silicon Valley Bank, and PeopleDAO’s Implications for Powell’s Leadership
12:00-21:00 Key words: US FDIC, Silicon Valley Bank, PeopleDAO, Powell Overview of important developments in the evening of March 12 Analysis based on this information:The message mentioned the US Federal Deposit Insurance Corporation (FDIC) approving Silicon Valley Bank’s application to start a blockchain-based network. The network, called PeopleDAO, will be used to create autonomous organizations that use blockchain for governance and decision-making. The message suggests that the move represents a significant shift in how the traditional banking industry operates. Under the current banking system, banks act as central authorities for their operations, making decisions and creating policies that affect their customers. However, blockchain technology allows for decentralized networks where community members can vote on decisions and policies in a transparent manner. PeopleDAO aims to utilize this technology to create autonomous organizations that are self-guided by community members rather than by a central authority. One potential implication of this move is that it could signal a shift towards decentralization in the…