Freshly-launched Ziglu offering the easiest way to buy crypto yet

Ziglu, a newly-launched cryptocurrency platform based in the UK, recently completed its seed round. The company managed to raise £5.25 million ($6.6 million).

Now, the company’s first order of business is to make it easier than ever to obtain cryptos, which is something that newcomers to the crypto industry would undoubtedly appreciate.

About Ziglu

Earlier today, June 15th, Ziglu announced that it now allows users to exchange GBP for four different top coins. Cryptos in question include Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. However, this is only a beginning, as the firm plans to add support for more fiat currencies over the summer.

The company itself came as a brainchild of the UK-based Starling Bank’s co-founder and CTO, Mark Hipperson. Hipperson said that the situation in 2020 is significantly different than it used to be five years ago, when challenger banks, such as Starling itself, started gaining popularity.

He believes that right now, the 25-45 demographic needs and wants a safe and easy way to get into crypto. There are, of course, large platforms out there. But, he believes that “Only about 1% of people go to the large platforms to buy crypto and we think we can do better, and perhaps get them better prices as well.“

Ziglu comes as demand for crypto-offering apps surges

Meanwhile, the demand for apps offering easy access to cryptocurrencies is growing. Multiple services, such as Jack Dorsey’s Square Cash App service, London-based Revolut, are noticing an increase in revenue for Bitcoin and other cryptos.

This makes Ziglu’s timing pretty much perfect, even though the platform did not do everything as planned. The original plan was to launch with around five major exchanges. Meanwhile, it only managed to connect to two, although neither of the two was named at this time.

The change in plans came due to the coronavirus pandemic, although the company still plans to achieve its goal. The company expects to attract users due to its request routing, which finds the best deal for every user. Meanwhile, the service’s forthcoming debit card was made in partnership with Mastercard and Global Processing Services. In the end, Hipperson expects that Ziglu will support around 15 fiat currencies.