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HomeNewsUK Cryptocurrency Exchange Challenger Ziglu Launches New Insurance Programme

UK Cryptocurrency Exchange Challenger Ziglu Launches New Insurance Programme

New kids on the block and cryptocurrency challenger Ziglu want to give their clients greater security and peace of mind and have launched a digit asset insurance programme to do so.

Ziglu, which only launched last month, can now offer its customers the ability to instantly and securely exchange money into digital currencies, including Bitcoin, Ether, Litecoin & Bitcoin Cash at competitive prices and monitor their balances in real-time — with insurance.

Mark Hipperson, Founder & Chief Executive Officer of Ziglu, said:

“One of the biggest concerns for users is the safekeeping of their funds and cryptocurrencies. Ziglu’s insurance programme brings peace of mind to existing customers or those dipping their toes into cryptocurrency for the first time.”

Each Ziglu customer’s cryptocurrency holdings are insured against cyber-crime up to a value of £50,000 at all times and held in a segregated account. The vast majority of customer assets are stored in offline (“cold”) wallets, meaning they are not accessible via the internet and therefore at lower risk of theft.

According to a recent FCA study, 1.9m people in the U.K. currently hold circa £3.15bn ($3.98bn) worth of crypto with 50 per cent holding less than £260 ($330) each. As consumers increasingly gain exposure to Bitcoin and other cryptocurrencies, a key concern is the safekeeping of assets.

Ziglu’s fully transparent model guarantees no hidden fees or transaction charges while the platform democratises access, providing a true multi-currency account for people who want bank-grade security and insurance coupled with a  simple way of holding cryptocurrency alongside their normal money.

Ziglu can be downloaded from the Apple App Store (https://bit.ly/Ziglu123) and Google Play Store (https://bit.ly/ziglu321)

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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