Ziglu, a new crypto-friendly bank founded by the former co-founder and CTO of Starling Bank, Mark Hipperson, could soon launch.

After founding Ziglu in September 2018, Hipperson has been preparing to publicly launch the bank later this month. Meanwhile, the beta version of the Ziglu app is currently available.

The London-based firm aims to bring the best of challenger banks and crypto exchanges to create one truly complete current account.

Users who have accounts with the bank will be able to purchase, sell and hold fiat and cryptocurrencies. The bank will also offer its users with a Mastercard debit card to spend funds.

Ziglu is currently working on getting an e-money license from the U.K.’s Financial Conduct Authority.

The upcoming bank also has plans of expanding its services to several regions within the shortest possible time. By the end of the fourth quarter of this year, Hipperson is hoping to expand the bank into the U.S.

According to the report, the aim of the bank’s founder is for Ziglu to process $1 billion in transactions in 2020.

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