Xapo is a place where you can store your Bitcoins in a vault or a wallet. What does this mean for you? It means you can feel secure that your virtual currency is kept safe at all times. In addition, Xapo also offers customers a debit card option that is tied to their balance and functions as a smooth extension of their Xapo wallet, allowing Bitcoin holders to spend the crypto currency at any merchant that accepts debit cards. And this translates to millions and millions of merchants from all parts of the globe.
This process can be done online or offline and merchants won’t even know that Bitcoins were used to pay for the transaction. Xapo’s debit card will undoubtedly help the global adoption of Bitcoin in ways that we haven’t seen thus far.
And as if this wasn’t enough of a huge leap forward for the Bitcoin industry, Xapo has announced yet another tool that will help not only Bitcoin users but Bitcoin mining enthusiasts and the entire Bitcoin community. Xapo Deposit is the company’s newest service and gives users the chance to acquire the currency on the Xapo platform via wire transfer. Users now have an easier way to get Bitcoins and conveniently store them in their Xapo wallet. All they need to do is log in to their account, click on the Deposit button and fill out a deposit profile to receive a reference code. After this, users will be able to set up a wire transfer to their Xapo account in either U.S dollars or Euros. The cash will then be converted to Bitcoin and deposited to their virtual wallets.