Odaily Planet Daily News Xapo Bank officially entered the UK market and became the first licensed bank in the UK to offer a joint interest-bearing bank account in US dollars and Bitcoin. According to the announcement, the yield on Bitcoin accounts is 1%, without the need to pledge, borrow or lock assets. Xapo said that people with Bitcoin accounts can use "universally accepted" debit cards to spend Bitcoin "like legal tender", while also enjoying other financial services, such as investing in S&P 500 stocks or purchasing specific cryptocurrencies. Seamus Rocca, CEO of Xapo Bank, said that transferring the banking license to the UK was not an easy task, but they were eager to expand local membership. (Cointelegraph)