A new crypto bank, by former Starling co-founder, could soon launch

Cryptocurrency • January 2, 2020, 6:15AM EST
UPDATED: October 26, 2021, 9:42AM EDT
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Ziglu, a new cryptocurrency-friendly bank by former Starling Bank co-founder and CTO Mark Hipperson, could soon launch.

Hipperson founded Ziglu in September 2018 and has been preparing to publicly launch the bank later this month. The Ziglu app is currently available in beta form.

London-based Ziglu aims to bring the best of challenger banks and cryptocurrency exchanges to create “one truly complete current account,” according to information from its website.

Through the account, it will then enable users to buy, sell and hold fiat and cryptocurrencies. It will also offer a Mastercard debit card to spend funds. 

Ziglu is currently in the process of getting an e-money license from the U.K.’s Financial Conduct Authority.

The upcoming bank reportedly has “rapid” expansion plans. Hipperson aims for Ziglu to process $1 billion in transactions in 2020, according to a recent report from Financial News London. He also looks to expand the bank into the U.S. as early as the fourth quarter of this year.

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Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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