According to PANews, Xapo Bank has announced that it has become the first UK bank to offer interest-bearing Bitcoin and fiat currency accounts after receiving a license from the UK government. The platform claims to provide a 1% interest yield on Bitcoin without the need for staking, lending, or locking assets. However, the company has not disclosed the details of the interest yield source. Users of Xapo Bank can utilize Bitcoin through Xapo's debit card, send GBP payments directly to UK bank accounts, invest in S&P 500 stocks, purchase selected cryptocurrencies, and access stablecoin payment channels via USD bank accounts.