Long before libertarianism became fashionable in Argentina with the election of Javier Milei, a culture seeking alternatives to the country’s government overreach and financial establishment was brewing in places like Xapo.
The company’s Argentinian founders, weathered by their country’s history of inflation and banking crises, saw potential in Bitcoin to protect the savings of ordinary people. Its former CEO, Wences Casares, is credited with introducing the virtual currency to Silicon Valley, and the company eventually sold its storage service to Coinbase, making it the world’s largest custodian of digital assets.
The company has now moved to Gibraltar and transformed into Xapo Bank,...
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