Starling Bank CTO to launch new crypto venture in 2020

Mark Hipperson who is the co-founder and ex-CTO at Starling Bank, a UK-based mobile-only bank, has decided to go it alone and launch a digital banking enterprise soon that enables fund transfers using fiat and cryptocurrencies.

Hipperson bid adieu to Starling way back in 2016 to begin a new chapter in his life. Ever since then, he has been working on Ziglu, a new cryptocurrency venture that aims to offer exchange services at interbank rates and at the same time, facilitate the purchasing of cryptocurrencies through various exchange platforms. With an attempt to make cryptocurrencies more accessible and user-friendly, it lets users spend crypto simply by using their Mastercard.

Starling Bank CTO and co-founder to launch next-gen crypto venture

According to a financial news outlet Fintech Futures, Ziglu is compatible with leading cryptocurrency exchanges, thus making money exchange between various available currencies extremely easy by either using a mobile payment app or a debit card. Currently, it boasts of an option of five cryptocurrencies in a built-in wallet and also complies with the e-money licensing requirements. It is also awaiting an e-money approval from the Financial Conduct Authority (FCA).

Although the startup is majorly funded by the founder and a few angel investors, it does not deter Hipperson from making extensive expansion plans for the firm. Currently, he eyes the US market and plans on raising at least one billion US dollars ($1 billion) in transactions.

According to him, the market is currently flooded with vanilla banks that don’t offer many options currencies and crypto accounts whereas Ziglu is one-of-a-kind banking services platform that empowers its users with fully integrated currencies and crypto accounts, all under one roof. Moreover, it overcomes all the existential barriers, be it geographical, or technological. It hands the control back to its users by letting them do what they want to do with their money, Hipperson explains.

As of now, Ziglu’s services can be availed by UK residents who are above eighteen years of age. And for those who are interested in trading cryptocurrency on the platform, Ziglu will charge a certain percentage fee, which is yet to be determined.

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