A new crypto bank, by former Starling co-founder, could soon launch

advertisement

Ziglu, a new cryptocurrency-friendly bank by former Starling Bank co-founder and CTO Mark Hipperson, could soon launch.

Hipperson founded Ziglu in September 2018 and has been preparing to publicly launch the bank later this month. The Ziglu app is currently available in beta form.

London-based Ziglu aims to bring the best of challenger banks and cryptocurrency exchanges to create “one truly complete current account,” according to information from its website.

Through the account, it will then enable users to buy, sell and hold fiat and cryptocurrencies. It will also offer a Mastercard debit card to spend funds. 

Ziglu is currently in the process of getting an e-money license from the U.K.’s Financial Conduct Authority.

The upcoming bank reportedly has “rapid” expansion plans. Hipperson aims for Ziglu to process $1 billion in transactions in 2020, according to a recent report from Financial News London. He also looks to expand the bank into the U.S. as early as the fourth quarter of this year.

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

TRON USDC now available

Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency. 
Read Full Story
Sponsored Post
More