Xapo CEO and founder Wences Casares explains why, after a 5,000 year reign, gold has been surpassed by bitcoin as the ideal ledger.
Wences Casares is the founder and CEO of Xapo, bitcoin vault and wallet described by the Wall Street journal as the Fort Know of bitcoin storage.
Prior to founding Xapo, Casares launched Argentina's first Internet Service Provider, Internet Argentina S.A. in 1994, a company he would go on to sell in order to found the Argentine online brokerage Patagon in 1997. With Casares serving as Chairman and CEO, Patagon established itself as Latin America's first comprehensive Internet financial services portal and expanded its online banking services to the United States, Spain, and Germany. Patagon was acquired by the Spanish bank, Banco Santander for $750 million in 2000.
Casares founded Wanako Games, which developed the award winning game Assault Heroes honored as "Game of the Year" for Microsoft Xbox Live in 2006, and was later acquired by Activision.
In 2002 Casares along with his partners founded Banco Lemon, a retail bank for the underbanked in Brazil. Banco do Brasil, Brazil's largest bank, acquired Banco Lemon in June 2009.