Xapo partners with Thoughtworks to scale from Bitcoin Vault to Global Bank

LONDON–(BUSINESS WIRE) – Xapo, an industry leader in secure Bitcoin storage, has partnered with Thoughtworks (Nasdaq: TWKS), a global technology consultancy that integrates strategy, design, and engineering, to drive digital innovation and its global expansion over the next 18 months to advance.

The program will make Xapo a globally accessible bank offering an international USD bank account with regulated access to Bitcoin. With a VASP license, Xapo hired Thoughtworks to develop its offering from a wallet to a fully digital banking service that offers debit cards, deposit protection, interest on your balances and more.

To ensure that this mission is backed by the fundamentals needed to scale, Thoughtworks will partner with Xapo on product, technology, and deployment. The foundations for growth engagement will strengthen Xapo’s technology architecture, enable rapid time-to-value for customers, and streamline operations.

The key to this project will be the continuing education of the Xapo organization to improve delivery capabilities and develop into a proactive organization at the forefront of financial service innovation.

Seamus Rocca, Xapo’s Chief Executive Officer, commented, “Xapo has been very successful as a Bitcoin custodian and this has enabled us to learn a lot about what customers in emerging markets need from our product. Our ambitious vision requires the ability to deliver a seamless customer experience using the latest technology. We’re excited to partner with Thoughtworks, one of the world’s leading providers of modern engineering methods, to help us build the foundation for growth by delivering faster, focusing on customer needs and developing our engineering -Products support and delivery capabilities. ”

Patrick Sarnacke, Managing Director at Thoughtworks UK added, “Xapo is at the forefront of one of the most important forces in the financial world with a bold vision to bring financial stability to the world’s fastest growing markets. We are excited to partner with Xapo to expand and give them a solid platform to grow on. As technologists, we are inspired by those who are not afraid to question limits and who can drive real and positive change with effective solutions. ”

This project is a great example of how cutting-edge Thoughtworks is working with leaders in their fields to shape the future of a major development in financial services with a long-term impact.

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Above thoughts

Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. We are more than 10,000 employees in 48 offices in 17 countries. Over the past 25+ years we’ve made exceptional impact with our customers by helping them solve complex business problems using technology as a differentiator.

About Xapo

Xapo is an international fintech startup with the mission to protect and increase the life savings of its customers. We are a fully distributed team working remotely from over 50 countries around the world. For the past 8 years we have been at the forefront of Bitcoin innovation and development and have adapted accordingly. We come from many different cultures and backgrounds, but we work hard, think globally and inspire each other to grow every day. Our talent is our most important asset and we work very hard to give them a job where they can grow.

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