Posted 7 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.
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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