Page 28 - Silver Lakes Issue 3 March 2023

FINANCE

International private bank democratises
ACCESS TO OFFSHORE

FINANCIAL SECURITY

olding money offshore for has removed those barriers through an was traditionally just for the ultra-
people living in emerging market ultra-secure, simple and user-centric app. wealthy, who would fly to Switzerland
Heconomies is an efficient way to to open up an account to safely store
ensure that your money is safeguarded Gibraltar-based Xapo Private Bank is the their wealth. We wanted to change and
– and, perhaps, even earns a decent only fully licensed global private bank that democratise this kind of access, but also
interest. But historically, it has been combines traditional banking in USD with do it in a way that is very secure and
only the elite few who could open a Bitcoin wallet, and that is regulated on future-forward, using the best technology
foreign bank accounts using either dual both ends. The bank complies with strict and digital accessibility.
citizenship or an exceptional level of UK and EU banking regulations, accepts
wealth that makes them attainable in the applicants from all over the world and “By being fully digital, you don’t have
likes of Switzerland, Malta and Portugal. enables customers to onboard digitally to get on a plane or have a European
from anywhere in under 10 minutes. passport to open a Xapo Bank account or
In an effort to democratise access to to get access to a private banker. Anyone
holding money offshore and give more Xapo Private Bank CEO Seamus Rocca can apply, and you can do it from the
investors peace of mind, one global bank explains: “International private banking comfort of your livingroom couch.”

26 | INTRAMUROS MARCH 2023