Wences Casares is an Argentinian entrepreneur and businessman. It has proven itself in the Silicon Valley-based fintech field. He is the CEO of Xapo Bank and founded Internet Argentina, Wanako Games, Patagon, Lemon Wallet and Banco Lemon.
Casares was born in Argentina in 1974. His father was a sheep farmer and his mother was a teacher. Casares showed that he had an entrepreneurial spirit in his youth. He started his first business when he was 16, selling computer games.
In 1997, Casares moved to the United States to study computer science at Stanford University. After graduating from school, he got a job at the investment bank Donaldson, Lufkin & Jenrette (DLJ). At DLJ, Casares launched a number of initiatives that capitalized on the internet boom in Argentina.
In 2000, Casares founded Patagon, one of Argentina's first internet banks. Patagon grew rapidly in Latin America and was acquired by Bank of America in 2000 for $700 million.
After selling Patagon, Casares became one of PayPal's first investors. It raised more than $100 million in PayPal's IPO.
Casares later founded a number of other ventures, including video game developer Wanako Games and mobile payments company Lemon Wallet.
In 2012, Casares became interested in Bitcoin. He believed that Bitcoin had the potential to change the future of the financial system. He founded Xapo, which is a Bitcoin wallet and custody service. Xapo is one of the largest Bitcoin depositories in the world and holds more than $10 billion worth of Bitcoin.
Casares is an ardent supporter of Bitcoin. He believes that cryptocurrency can be an alternative to the traditional financial system. He also believes that Bitcoin has the potential to provide people in developing countries with access to financial services.
Casares is a respected businessman known for his vision and entrepreneurship. His belief in Bitcoin makes him one of the cryptocurrency's most prominent proponents.
Here are some interesting facts about Casares:
He is one of the first investors of Bitcoin.
He founded Xapo, one of the largest Bitcoin depositories in the world.
He was named one of the "400 Richest People in the World" by Forbes magazine in 2018.
Casares is an inspiring entrepreneur with his vision and entrepreneurship. Their achievements show that with hard work and belief anything is possible.