Xapo is a Hong Kong-based Fintech company that provides a bitcoin wallet combined with a cold storage vault and a bitcoin-based debit card.
Xapo uses offline servers that are never connected to the internet that give it an edge on other web based wallet systems - i.e. better security through gateway procedures.
Xapo was founded in 2013 in Hong Kong and is headquartered Zurich in Switzerland.(moved its headquarters from Palo Alto, California to Zurich in Switzerland on May 2017).
The Xapo Wallet operates through a mobile app and online and includes the ability to transfer funds to and from the Xapo Vault. In April 2014, Xapo introduced a debit card that will link to the user’s Xapo Wallet and will function like a standard debit card, except that it is backed by bitcoins instead of traditional currency. The Xapo Vault offers extremely secure storage for long term savings, while the Xapo Wallet gives easy, immediate access for day-to-day purchases.
Xapo is backed by top tier investors including Greylock Partners, Index Ventures & Benchmark, Fortress Investment Group etc.
Xapo Ranked 34th on the 2017 Fintech100 List.