Xapo Bank Launches an Interest-bearing BTC in the UK

Reading Time: < 1 minute

After successfully obtaining a banking license in Gibraltar, Xapo Bank has now launched its services in the United Kingdom.

The bank is specifically targeting customers interested in holding Bitcoin, and offers a unique combined interest-bearing account for both US dollars and Bitcoin.

Customers can also easily send large amounts and make payments to other UK wallets and bank accounts.

The Bitcoin account offers a 1% yield without requiring staking, lending, or locking up assets.

Furthermore, customers can use their Bitcoin like regular fiat currency with a universally accepted debit card, and can also use other financial services such as investing in stocks or purchasing select cryptocurrencies.