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UK Challenger Bank Launching Bitcoin, Ethereum, XRP, Litecoin and Bitcoin Cash Payments Platform

September 08, 2020

Ziglu, a crypto-friendly challenger bank based in London, is rolling out a peer-to-peer payment (P2P) service for fiat and crypto assets.

Ziglu says its new platform allows users to send and receive digital assets from other Ziglu users instantly. Whether it’s to split AirBnB fees and dinner checks or to send a graduation present, Ziglu offers users fast, free, and secure access to some of the most widely-used cryptocurrencies.

The platform is up and running with BTC and BCH, and support for ETH, LTC and XRP is on the way. Via Finance Magnates,

“The platform now allows trading with Bitcoin, Bitcoin Cash, Litecoin, and Ethereum, and has plans to list XRP later this month. The peer-to-peer services will support all these digital currencies, along with the pound sterling.”

Launched in June after a successful pilot, Ziglu has joined the ranks of top challenger banks after securing an electronic money institution (EMI) license issued UK’s top regulatory body, the Financial Conduct Authority (FCA).

In addition, Ziglu is doing its part to keep users’ funds safe from vanishing in the hands of cybercriminals.

“We take customer security seriously so Ziglu provides best-in-market insurance with £50,000 [$66,000] of your digital assets covered against cyber-attacks”

On top of payments, Ziglu also plans to offer debit card services, which users can swipe to pay in both fiat and cryptocurrency. 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Teerasak Ladnongkhun/Allies Interactive