Xapo combines the convenience of an everyday bitcoin wallet with the security of a deep cold storage vault. Xapo was founded with the aim of making the bitcoin currency more secure and accessible. 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 links 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.

Xapo is Wence’s 6th company. His previous ventures include Patagon (acquired by Santander Bank for $750M in 2000); Wanako Games (acquired by Activision in 2006); Lemon Bank (acquired by Banco do Brasil in 2009); and Lemon, a digital wallet platform (acquired by LifeLock for $43M in 2013).