Page 40 - Waterfall City Issue 3 March 2023

Waterfall City Finance

International private bank democratises
ACCESS TO OFFSHORE

FINANCIAL SECURITY

H olding money offshore for people living in emerging USD with a Bitcoin wallet, and that is regulated on both

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

38 Waterfall City Issue 3 2023