Tag: Xapo

Xapo and Shakepay to Suspend Cryptocurrency Debit Card Services Outside the EU

Big changes are coming to cryptocurrency-based debit cards. These developments are not positive for anyone living outside of the EU, as it appears obtaining such cards in other countries will be extremely difficult. Both Xapo and Shakepay have been asked to halt their services to non-EU residents. Users in regions outside of the EU will soon see their accounts deactivated and their cards becoming unusable. All of this is thanks to …
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Xapo Follows Coinbase, Stops Paying Increasing Miner Fees for Users

On March 21, Coinbase officially discontinued paying miner fees on behalf of its users. Xapo, a Switzerland-based bitcoin wallet, payment and vault service provider, is following other leading bitcoin businesses such as Coinbase and Bitpay to encourage users to pay miners fee for their outgoing transactions. In an email to its clients, the Xapo team announced: “In the next couple of days, all Xapo users will begin to pay the …
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Users Outrage Over Xapo Bitcoin Platform’s Impractical KYC Processes

Xapo, a widely utilized bitcoin wallet platform and service provider has been criticized for its impractical Know Your Customer (KYC) policies in recent weeks. Users reported various infeasible situations when depositing and withdrawing funds to their bitcoin wallets. Over the past few years, Xapo has established an active user base with a simplistic and user-friendly application, bitcoin vault service, and bitcoin debit card. As the platform grew larger in size, the …
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Xapo CEO Wences Casares Faces Court Case Over Intellectual Property Infringement

Wences Casares, the founder of Bitcoin company Xapo, is facing yet another lawsuit. Lifelock, a company focusing on Identity theft protection, filed the suit last Monday. According to Lifelock, both Casares and former Xapo CFO, Cynthia McAdam, withheld intellectual property and Bitcoin integration software for Lemon when it was acquired by Lifelock in 2013. Company Acquisitions Can Get Nasty Real Fast Everyone who does their homework on Wences Casares will …
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