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Australia-based Zip confirms plans to go crypto

Friday 23 July 2021 09:30 CET | News

BNPL firm Zip has reiterated plans to move into crypto and launch a trading service in Australia and the US within 12 months, according to stockhead.com.au.

Zip’s share price has been taking a zip down in the past 24 hours on the back of some typically bearish UBS forecasting analysis, so finding fresh ways to power growth might not be a bad idea. That’s not to say it’ll give Z1P’s meme-loving fanbase cause for excitement any time soon, although you never know.

The company’s co-founder told Reuters that trading in crypto through the use of a native Zip digital wallet was one of the most sought-after features from its users. Also, a broader range of products, such as budgeting tools for Zip users, was likely to be launched first in Australia, given the fact around 30% of adults have a BNPL account.


Source: Link


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Keywords: cryptocurrency, BNPL
Categories: Banking & Fintech
Companies:
Countries: Australia
This article is part of category

Banking & Fintech