UK-headquartered money app provider Ziglu, which was developed by Mark Hipperson, a founder of Starling Bank, and enables clients to purchase, hold and sell various digital currencies, is reportedly expanding its list of supported crypto-assets it offers with Chainlink (LINK).
The addition of LINK, which is a popular decentralized finance (DeFi) token with a market cap of nearly $20 billion, follows the decision in April 2021 by Ziglu to provide support for Cardano (ADA) along with Ziglu’s curated list of digital assets: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Tezos (XTZ).
LINK is the native virtual currency of the Chainlink network, enabling smart contracts to securely interact with real-world data sources. LINK is used in integrations by crypto and Big Tech firms like Google, Microsoft, and IBM. LINK has seen returns in the year to date of more than 340%.
Mark Hipperson, Founder and CEO at Ziglu stated:
“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 of last year, enables clients to easily purchase and sell major cryptos instantly and at “market leading” rates.
Recently, Ziglu has experienced strong growth. Since the beginning of the ‘Lockdown 3’ in early January 2021, its user base has reportedly doubled. The average value of a transaction via Ziglu in the first 3 months of 2021 has surged 25%, when compared to Q4 2020.
Ziglu says most of the increased activity in virtual currencies has been “driven” by consumers that may be new to the market. These people are looking for an environment that lets them safely and securely explore digital assets.
Ziglu reports that it’s the only UK-based Fintech that’s authorized and regulated by the Financial Conduct Authority (FCA) for e-money services. Additionally, Ziglu is registered with the FCA as a crypto-asset company.
Ziglu also offers features specifically designed to protect its clients with insurance against cyberattacks.