According to news reports, the former Starling Bank co-founder and CTO Mark Hipperson is planning to launch a cryptocurrency bank dubbed Ziglu this year. Mark is currently awaiting an e-money license from the Financial Conduct Authority.
Mark Hipperson left Starling back in 2016.
Mark Hipperson left the Starling bank back in 2016 and has been working on his digital bank venture Ziglu since 2018. The new digital banking venture Ziglu will enable users to hold both fiat and up to five cryptocurrencies in an e-wallet, connecting with crypto exchanges for an in-an app currency transfer and enabling spending via a Mastercard debit card. So far, the venture has been funded by Hipperson’s own financial resources and with the support of number and angel investors.
Ziglu has applied to become an issuer of electronic money with FCA.
The digital bank Ziglu is awaiting for the e-money license from the Financial Conduct Authority. FCA is a financial regulatory body in the United Kingdom. The firm wrote on its website that they have built an account that breaks all the currency barriers, geographic and technological, and puts users fully in control of their money. Initially, the firm will only provide services to the United Kingdom’s users.