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The Xapo Bank Vault consists of physical servers located around the globe that the company says is protected by biometric scanner access, 24-7 video surveillance, and armed guards. [ 5 ] [ 6 ] [ 9 ] Casares claims that Xapo “is the first bitcoin vault fully protected and insured against hacking and bankruptcy.” [ 5 ] The company guarantees ...
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David Paul Morris—Bloomberg/Getty Images. ... while letting others run Xapo as a crypto bank of sorts. That bank is still going today, with 25,000 Bitcoins (worth around $1.3 billion!) on its ...
Casares is the founder of Xapo Bank, a private bank for Bitcoin whales worldwide based in the UK. [15] Xapo is said to be the largest custodian of bitcoin in the world and is believed to hold as much as $10 billion of the cryptocurrency in underground vaults on five continents, including in a former Swiss military bunker.
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