Company
Date Published
Author
Aprille Muscara
Word count
1282
Language
English
Hacker News points
None

Summary

Xapo, founded in 2014, is a startup focused on safeguarding bitcoin and facilitating its use for everyday transactions through a mobile wallet, holding approximately $10 billion in bitcoin, which constitutes 7% of the world's supply. With influential backers and advisors, the company aims to position bitcoin as a global currency that can empower billions without bank access, offering both a wallet for daily use and a vault for secure storage. Xapo's strategy involves global service provision, except in countries where bitcoin is banned, with a particular focus on expanding in the U.S. and Europe. The company places a strong emphasis on security for its apps, employing stringent third-party software evaluations and external penetration testing, while leveraging the Luciq platform for bug and crash reporting. Xapo uses external QA testers to maintain a neutral testing environment, integrating the Luciq system into its workflow for efficient bug reporting and communication. The company's ultimate goal is to ensure the release of stable, functional features that enhance the user experience without compromising application stability.