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Ziglu opens crowdfunding round

Monday 21 September 2020 10:59 CET | News

Challenger and FCA-authorised Electronic Money Institution Ziglu have opened a crowdfunding round to the public. 

Ziglu is looking to raise GBP 1 million and will use this money to expand the technology and product development teams, accelerate growth, and continue to build a global challenger. There has been interest from investors since the pre-registration phase and private launch, when Ziglu already raised GBP 300,000, according to the official press release. 

Since launching its cryptocurrency exchange service in June 2020, Ziglu has released a stream of new features and functionality. Customers can now make peer-to-peer payments across all currencies, both digital and traditional, and make faster payments to any UK account. Ziglu customers’ total digital assets are insured against cyber-attacks, up to the value of GBP 50,000, and fiat currencies are safeguarded in a segregated account. Ziglu is regulated by the 5th Money Laundering Directive for crypto assets.

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Keywords: Ziglu, crowdfunding, challenger, FCA, authorisation, Electronic Money Institution, product development, global challenger, investors, crypto exchange, cryptocurrency, p2p payments, digital payments, UK account, digital assets, cyber-attacks, fiat currencies, 5th money laundering directive, crypto assets
Categories: Banking & Fintech | Cryptocurrencies
Countries: World
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Banking & Fintech