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GIBRALTAR – Xapo Bank\u2019s latest announcement heralds a significant shift in South Asia\u2019s banking landscape. Through Xapo Bank\u2019s mobile application, users can now securely access a USD offshore savings account and Bitcoin wallet, enjoying competitive annual interest rates of 4.1% on USD deposits and 1% on Bitcoin deposits, paid out daily in satoshis, while having instant and unrestricted access to their funds, all managed with the security of a fully-regulated bank.\n<\/p>\n Users will further benefit from Xapo Bank\u2019s seamless, swift, and secure crypto-to-fiat conversions, enabling them to deposit or transfer USDT and USDC directly to their USD account, where the stablecoins are instantly converted to USD. Users also gain access to Xapo Bank\u2019s global payments infrastructure, allowing them to send and receive British Pounds or Euros via the Fast Payment System (FPS) and Single Euro Payments Area (SEPA) network almost instantaneously. Across withdrawals and deposits, members will enjoy competitive exchange rates managed by Xapo Bank.\n<\/p>\n Seamus Rocca<\/a>, CEO of Xapo Bank, said: With its unique payment rails and comprehensive suite of private banking services, Xapo Bank offers its members a robust, efficient, and cost-effective pathway to cross-border banking services and wealth-building opportunities. With this momentous move, Xapo Bank remains committed to empowering its members with faster and cheaper options for cross-border transactions, contributing to the industry’s growth and wider adoption.\n<\/p>\n To learn more about Xapo Bank\u2019s services, visit: Hashtag: <\/b>#xapobank #cryptobanking #india #stablecoins #SEPA #BTC<\/p>\n
\nMedia OutReach<\/a> – 22 June 2023 –
\nXapo Bank<\/a>, a fully licensed private bank that combines traditional banking with the utility of Bitcoin and stablecoins, today announced that it will begin accepting members across South Asia, including India, making its full suite of hybrid banking services and the financial opportunities they present accessible to the
\nworld\u2019s largest population<\/a> and one of the fastest growing regions in the world.<\/p>\n
\n\u201cXapo Bank\u2019s decision to accept members across South Asia, including India, represents an opportunity to provide our hybrid banking and investment solutions to its large underserved populations, bridging an important gap in the region\u2019s financial systems and allowing its savvy savers, investors, and professionals the freedom to explore their financial potential with a single mobile application. This is in line with the positive shifts we are witnessing in Asia\u2019s evolving crypto landscape, as well as our mission to make transacting transparently and securely from anywhere in the world as simple as it can be for our members. We\u2019re very excited about this opportunity and hope to add significant value to the region\u2019s rapidly growing banking landscape.\u201d<\/i>\n<\/p>\n
\nhttps:\/\/www.xapo.com\/<\/a>\n<\/p>\n