Starling co-founder to launch Ziglu crypto digital bank

Monday 23 December 2019 10:45 CET | News

A former co-founder and CTO at Starling Bank has launched a new cryptocurrency venture called Ziglu.

Mark Hipperson, who left Starling in the summer of 2016, has been working on the new venture, named Ziglu, since late 2018, and is planning a public launch for January 2020. Ziglu is an app that lets customers transfer funds between conventional money and cryptocurrencies.

Ziglu will allow users to hold both conventional currency and a range of five cryptocurrencies in an app-based wallet with an e-money licence. Thanks to integration with big crypto exchanges, money can be quickly exchanged between the available currencies, and can be spent selectively using either a card or mobile payment device. The start-up has so far been supported by its founders’ cash and through angel investment, but has rapid expansion plans. Hipperson has ambitions for Ziglu to process USD 1 billion in transactions in 2020, and says he will expand the business into the US as early as the fourth quarter of the same year.

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Keywords: Starling, Ziglu, Mark Hipperson, challnger bank, cryptocurrency, blockchain, UK, US, mobile payments, online payments, online banking, mobile banking
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech