The world's first bitcoin debit card pioneer--xapo

The world's first bitcoin debit card pioneer –xapo

Original 2016-11-25 Tata said tower chain Laboratory
Click above "Blue word" to follow the public number
Previous Period review

The Tower chain Lab introduces KPMG's "Red Hat" Bluzelle, known as the blockchain, in the "Fintech 100", which can be viewed at the end of the article.

With Xapo, you can buy, trade, store, manage or use your own bitcoins. The Xapo Wallet has no fees, no delays, no geo-restrictions, and can also be linked directly to the Xapo debit card, the world's first bitcoin debit card. The tower chain Lab will be a comprehensive analysis of its business model and product presentation.

FINTECH in 100 eyes of Xapo
Users can purchase, transfer, store, manage, and use Bitcoins via Xapo. Users can store bitcoins for daily consumption in the Xapo wallet and store bitcoins that they want to keep securely in Xapo Vault. The Xapo Wallet has no fees, no delays, no geo-restrictions, and can also be linked directly to the Xapo debit card, the world's first bitcoin debit card.

After depositing in vault, Xapo will record the deposit details to a computer that will never have an Internet connection, so the money will remain secure. At the same time, the data is encrypted and isolated in different chunks, leaving copies on the external machines and files. They keep backups in a geographically dispersed physical vault, so it's safe.
Xapo Overview
Xapo is a bitcoin secure storage services company, established in Hong Kong and now headquartered in Zurich, Switzerland, providing customers with a Bitcoin wallet and bitcoin credit card that incorporates a cold storage vault.

Xapo Company was founded by Wences Casares and Federico Murrone, Casares is currently the CEO of the company, while also a member of the PayPal Board of Directors, non-profit organization Endeavor and Kiva Board members, Former founder and CEO of Lemon, a digital wallet company. Federico Murrone is currently the COO of the company, a former CTO of the mobile payment company Bling Nation and Lemon wallet.

Casares in the self-described bitcoin:
"I am interested in Bitcoin at three levels: first, it is an asset, just like a digital version of gold, and secondly, it is a currency that creates a new level of trading for the Internet; third, it is a platform to build unconventional financial applications. “
Advisory Committee

Lawrence
H. Summers
President Clinton was one of the leading economic and policy thinkers during his tenure at the U.S. Treasury Secretary. "Bitcoin provides a way to transfer and make payments on the go, anytime, anywhere without intermediaries, which may mean that we will soon see billions of of them sending bitcoins to each other every day, like texting. ”

Dee Hock
The founder of Visa created the payment system we now know. "Bitcoin represents not only the future of payment, but also the future of governance. Like the internet, Bitcoin is not controlled by any institution, so it offers a great deal of opportunity to improve the efficiency and transparency of financial transactions. ”

John Reed
Former chairman and CEO of Citibank, he has developed Citibank into the world's first franchise bank. "The digital revolution has kept financial services to a great extent, but Bitcoin has given the opportunity for real change in financial services." ”
Business model
Products
Bitcoin wallet
Xapo applications can simplify and enhance the Bitcoin experience, sending and receiving Bitcoins anywhere, anytime.

Application process

Use the Xapo wallet as a current account to make it easy to access money or Bitcoin in daily consumption.

To purchase items or to make a bitcoin transfer, simply tap "Send", enter the account you want to trade, and add the recipient's mailbox or Bitcoin address.

You can collect money from Xapo wallet at any time without any handling fees.

Xapo Debit Card
Xapo launched the XAPO debit card in 2014, a xapo bitcoin debit card, which can be used for stores, online shopping, and cash withdrawals at ATMs. Billions of stores and ATMs worldwide accept the use of this card.

Application
Click "Get Yours" above the Xapo wallet

Complete the order by filling in a series of information. You must make sure that you have enough Bitcoins in your wallet to pay for your debit card.

Cost

Lines

Characteristics

1, Xapo credit card and Xapo wallet Perfect integration
2. Universal Worldwide
3, can be at the ATM withdrawal
4. Can track the purchase information
5, set security in a convenient and a, with reliability

Connect to PayPal
Xapo debit card can be directly connected to PayPal via its "PayPal withdrawal" function.
Xapo Vault

Security

Vault has a secret underground repository on multiple continents, with offline servers that store up to tens of millions of or even billions of dollars worth of bitcoins. Bitcoins hosted on Xapo will be stored on these offline servers. The underground library outside the server is equipped with armed guards and biosensors, as well as 7x24-hour video surveillance.

Xapo users first need to upload bitcoins to a special address. Keys and confidential information, and so on, are encoded and encrypted and then manually stored on paper and on the servers in these vaults.
In addition, Xapo Vault by Meridian Insurance Underwriting, when the thief hard to break into the library, or Xapo employees inside job, users can be compensated for the loss.

Withdraw Money Flow
When you need to withdraw funds from vault, Xapo turns on the advanced security process to verify the identity of the user. Xapo will be contacted by e-mail and text messages for multi-step verification to ensure a safe behavior, and if the amount taken out is relatively large, there will be someone dedicated to telephone contact with the user.

This broad range of authentication measures to ensure that the user is the person who initiated the request. This initiates a series of security steps to transfer the user's requested Bitcoin from Xapo Vault to your Xapo wallet within 48 hours (weekdays). During the transaction, the user can track the progress of the transfer in the transaction record.
Profit model
With a Xapo debit card, Xapo will charge the customer an annual fee (first year free).

Customers use Xapo consumption, Xapo like a bank from the merchant to charge the ordinary card processing fee, that is, the merchant's trading.

Financing situation

Development prospects
Xapo and now a lot of companies focus on a vertical service different, it wants to do is a whole chain of services: Outside the vault, mobile wallet applications, customers can use Bitcoin online, but also can use the physical bank card, let you online under the bitcoin consumption ... Xapo has now built a complete chain that covers Bitcoin purchases, storage, usage and consumption.

For Bitcoin, the biggest difficulty now is that it only has "collectible value", because the infrastructure is imperfect, customers cannot use the wealth on paper to offline consumption. Xapo in the future, if Bitcoin is seamlessly converted into the current currency, there is no need to create a unique set of bitcoin ecosystems that can be used in the real world of business.