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News Explorer — Xapo Bank Debuts Bitcoin Loans, Calls Out 'Predatory' Competitors

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Mar 18, 1:01 pm

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Xapo Bank Debuts Bitcoin Loans, Calls Out 'Predatory' Competitors

Xapo, a Gibraltar-based private bank, now accepts members' Bitcoin as collateral for loans, offering up to $1 million in Bitcoin-backed debt. The bank, founded by Wences Casares, has been safeguarding customers' assets since 2013 and is expanding its services globally.

Xapo, a Gibraltar-based private bank, now accepts members' Bitcoin as collateral for loans, offering up to $1 million in Bitcoin-backed debt. The bank, founded by Wences Casares, has been safeguarding customers' assets since 2013 and is expanding its services globally.

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