Money App Ziglu Expands by Adding Link to its Platform
UK-based money app Ziglu, which was created by Mark Hipperson, a founder of Starling Bank, and enables customers to buy, hold and sell a range of cryptocurrencies, is expanding the list of digital currencies it offers with LINK.
The addition of LINK – which is the leading DeFi token by market capitalisation at around $19.74 billion – follows the decision last month to offer access to Cardano (ADA) in addition to Ziglu’s existing curated list of Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Tezos.
LINK is the cryptocurrency of the Chainlink network, enabling smart contracts to interact with real-world data sources, and is used in integrations by crypto and big tech companies such as Google, Microsoft, and IBM. LINK has seen returns in the year to date of over 340%.
Mark Hipperson, Founder and CEO of Ziglu said “As the concept of decentralised finance becomes more popular, more DeFi applications will be created. Since many DeFi applications require off-chain data sources supplied by Chainlink, it is reasonable to believe that interest in the platform will also grow.
“That helps explain why crypto enthusiasts are focusing on LINK as the leading DeFi coin by market capitalisation and why we are adding it to our curated list of cryptocurrencies available on our app.”
Ziglu, which was publicly launched in June 2020, enables customers to buy and sell popular digital currencies instantly and at market-leading rates. In recent months it has enjoyed rapid growth: since the start of ‘Lockdown 3’ in early January 2021, its customer base has doubled, and the average value of a transaction on the Ziglu platform during the first three months of this year has increased by 25%, compared to Q4 2020.
Ziglu says much of the increased activity in cryptocurrencies has been driven by people that are new to the market and they actively seek an environment that allows them to safely and securely explore cryptocurrencies. Ziglu is the only UK-based financial technology business that is both authorised and regulated by the Financial Conduct Authority for e-money services and also registered with the Financial Conduct Authority as a crypto-asset firm. Ziglu also provides features designed to protect its customers such as insurance against cyber-attacks.