Former Starling Bank co-founder and CTO Mark Hipperson is preparing a January launch for a new cryptocurrency startup dubbed Zyglu.
Hipperson, who left Starling in 2016, has been working on the new venture since late 2018 and is currently awaiting an e-money licence from the Financial Conduct Authority.
The Ziglu app will let users hold both fiat and up to five cryptocurrencies in an e-wallet, connecting with crypto exchanges for in-app currency transfers and enabling spending via a Mastercard debit card.
The venture has so far been funded by Hipperson's own financial resources and with the support of a number of angel investors.
Ziglu has ambitions to to process up to $1 billion in transactions in its first year and to expand from the UK to the US by the third quarter.