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

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.

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