Former Starling Bank CTO plans 2020 launch of crypto digital bank
Mark Hipperson, former co-founder and chief technology officer at Starling Bank, is planning the 2020 launch of his new digital banking venture Ziglu, which allows customers to transfer funds between fiat money and cryptocurrencies.
Ziglu aims to offer exchange at interbank rates, as well as the purchasing of cryptocurrencies from multiple exchanges. Users will also be able to spend the cryptocurrency they hold using a Mastercard debit card.
Hipperson has been leading Ziglu since September 2018. The firm has applied to become an issuer of electronic money with the Financial Conduct Authority (FCA).
“We’ve built an account that breaks all the currency barriers – geographic and technological – and puts you fully in control of your money whatever you want to do with it,” the firm writes on its website.
“While we intend to expand our offerings to other countries in due course, currently only UK-residents who are at least 18 years of age may use our services and are eligible to apply for a Ziglu account,” it adds in its terms of service.
For those trading cryptocurrnency, Ziglu will charged a percentage fee (yet to be determined) based on the value of each transaction when it happens.