They say a fella can’t get a decent return on his bit these days. Well, Xapo Bank, up there in Gibraltar – a place I reckon is mostly rock and folks who understand taxes – they got themselves approved. Approved, mind you, by the Gibraltar Financial Services Commission. Sounds official, don’t it? Like they’re checkin’ that yer bitcoins ain’t wanderin’ off to buy fancy hats for pigeons. They got a partnership goin’ with Hilbert Capital, a name that sounds like somebody’s eccentric uncle.
Now they’re lettin’ folks mess with this… Xapo Byzantine Bitcoin Credit Fund. Don’t ask me what ‘Byzantine’ means. Sounds complicated, and complicated usually means somebody’s getting a cut. It’s supposed to be a safe way – regulated, they call it – to make yer Bitcoin work for ya. Like puttin’ it under a mattress, only with more forms and a fella in a suit breathin’ down yer neck. Joey Garcia, a fella who runs things over there, says they’re tryin’ to mix the old ways of bankin’ with this new-fangled Bitcoin business. Says it’s just like savin’ dollars, only…digital. 🙄 Right.
They’re expectin’ a flood of BTC to come pourin’ in – ten thousand of ’em, they reckon. Ten thousand! That’s a lot of electric funny money. Seems folks are still lookin’ for a place to park their digital gold. It just goes to show ya, even with all the fancy technology, people still want someone to tell ’em it’s gonna be alright. And Xapo Bank, they’re hopin’ to be those folks. They say they’re playin’ by the rules. Which is good, I guess, ’cause rules are important. Especially when yer dealin’ with things you can’t hold in yer hand. 🤷♀️
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2025-08-22 08:58