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Xapo Bank's founding CEO and entrepreneur Wences Casares became interested in bitcoins because of the frequent financial fluctuations in his native Argentina. [7] [8] He has said that his family's finances were “devastated as the economy (in Argentina) rocketed from inflation to deflation to devaluation.” [8] Casares believes that digital currencies such as bitcoin “could solve the ...
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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.
Download QR code; In other projects ... Xapo Bank: Licensing. ... Although it is free of copyright restrictions, ...
Wences Casares is one of a handful of early Bitcoiners whose firms still thrive.
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The management of the banks' asset portfolios also remains a challenge in today's economic environment. Loans are a bank's primary asset category and when loan quality becomes suspect, the foundation of a bank is shaken to the core. While always an issue for banks, declining asset quality has become a big problem for financial institutions.
Common forms of consumer credit include credit cards, store cards, motor vehicle finance, personal loans (installment loans), consumer lines of credit, payday loans, retail loans (retail installment loans) and mortgages. This is a broad definition of consumer credit and corresponds with the Bank of England's definition of "Lending to individuals".
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