Posted 11 months ago | by Ben Armstrong

UK Fintech Firm Ziglu Introduces P2P Payment Services

A fresh face in the cryptocurrency industry - Ziglu - just rolled out its peer-to-peer (P2P) payment platform. The new service targets both fiat money and cryptocurrency, according to a recent announcement.

This news came after Ziglu got a UK Financial Conduct Authority’s (FCA) Electronic Money Institution licence, and a Fifth Money Laundering Directive (5MLD) licence previous week.

Launched in June, Ziglu’s mission is to provide simple and reliable asset management in any currency. The platform is continuously being developed and a lot more features are planned for the future.

Ziglu is New FinTech

Speaking with media about the process of becoming fully licensed, Ziglu founder and CEO Mark Hipperson described it as hard and time consuming, but he also outlined the importance of getting e-money licensees in setting up a legit position within the crypto space.

It is particularly tough to convince the 5 MLD regulators, but eventually Ziglu made it through thanks to the fact that the platform technically does not permit cryptocurrency transfer to and from the ecosystem, thus taking complete control over the sources in case an issue happens.

Users can buy crypto within the app and send P2P to other users. The key is to simplify, according to Hipperson, “although the 5MLD licence that we hold allows us to do all of the same things that a licenced exchange can, and third-party crypto transfers are certainly on the future road-map.”

Hardcore Crypto Users Won't Compromise

Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH) and Ether (ETH), with XRP (XRP) are all going available currency this September on the platform. Ziglu will add approximately one coin every two weeks as demanded by customers.

The system supports multi-trading and often checks them for the best deal when a consumer wants to purchase each cryptocurrency.

According to a press release from last in January, the launch of Ziglu came along with a promising chance for multi-currency support and a debit card for crypto-fiat exchange at POS terminals.

Ziglu has already undertaken testing on debit cards and the launch is expected to come later in September. Following its speedy development, the company is working on multi-currency support for customers.

Additionally, the crypto with Ziglu is completely protected for up to 50,000 pounds,

“We are one of the only companies in the world which offers a £50,000 insurance policy on crypto held with us which is quite unique.”

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About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g UK Fintech Firm Ziglu Introduces P2P Payment ServicesBen Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of BitBoyCrypto.com. Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at BitBoy@BitBoyCrypto.com or contact him on Twitter @BitBoy_Crypto.