Xapo Bank said it had become the first bank to enable interest on bitcoin and fiat accounts after successfully securing a banking licence to enter the UK. Xapo's platform claims to offer a 1 per cent yield on bitcoin interest without pledging, lending or locking up assets. The company did not provide details on where the yield came from. Its users can use their bitcoin through Xapo's debit card, send payments in pounds sterling directly to a UK bank account, invest in Standard & Poor 500 stocks, buy select cryptocurrencies, and access a stablecoin payment track using a US dollar bank account.