Ziglu rolls out peer-to-peer payments for all currencies

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UK-based challenger Ziglu today launched peer-to-peer payments for all currencies across the Ziglu app. P2P payments allow the transfer of funds between two parties, enabling Ziglu customers to instantly send or receive any currency from any contact within the challenger’s community. The company recently became a full FCA authorised Electronic Money Institution.

Mark Hipperson, Ziglu Founder, and Chief Executive Officer said, “Paying people should be instant, free and easy regardless of their location or the currency, whether that is splitting the cost of your AirBnB or sending a Bitcoin birthday present.”

Recently, Ziglu launched an insurance program for customers holding cryptocurrencies. The company stated that each customer’s cryptocurrency holdings are insured against cybercrime up to a value of £50,000 at all times and held in a segregated account.

According to Ziglu, 100% of its customers’ total digital assets are insured against cyber-attacks, up to the value of £50,000 and fiat currencies are safeguarded in a segregated account. Ziglu stated that its peer-to-peer payments offering aims to secure personal information and allows users to instantly and effortlessly exchange and send their fiat and digital currencies and monitor their balances in real-time.

Ziglu believes that customers are currently looking for financial inclusion, accessibility, and control in the cryptocurrency space. It expects to provide users with safe access to best-price crypto with the ability to spend, exchange, and send your money, regardless of currency where, when and how users want.