January starts with news for the crypto ecosystem: Mark Hipperson who was the head of technology at Barclays for a decade creates the first crypto bank in the United Kingdom.
Mark Hipperson, who was chief technology officer of the Barclays group for more than a decade and co-founder and former chief technology officer of the UK challenger bank, Starling, is planning the launch of the first quarter of 2020 for his latest digital banking company, Ziglu .
This was reported by the CoinTelegraph media, which added that the fully digital account will allow multiple currencies, both fiduciary and digital, to be kept in the same account.
Accounts in the crypto bank of the United Kingdom
The free account can not only keep balances in several currencies, but also freely exchange funds between them. Foreign currencies will be available to buy and sell at interbank rates, and cryptocurrency purchases and sales will be available at the best price in multiple exchanges.
Add the Ziglu website that any currency in the account can be spent anywhere in the world using a Mastercard debit card. That includes cryptocurrencies, which will instantly become the point of sale.
Ziglu has requested the Financial Conduct Authority (FCA) of the United Kingdom to become an electronic money issuer Currently, pre-launch applications are being taken, but only from UK residents over 18, although there are plans to expand this in the future to other countries.