Ziglu users can now access five cryptocurrencies on Ziglu including Bitcoin, Bitcoin Cash, Ether, Litecoin and Tezos
United Kingdom, April 1, 2021 /AlexaBlockchain/ – UK-based crypto-friendly challenger bank Ziglu has added tez (XTZ), the native digital coin of blockchain network Tezos, to its platform.
What is Ziglu?
Ziglu is one of the first three companies in the UK to have achieved FCA registration as a crypto-asset firm and at a pivotal time, as consumers are seeking greater financial inclusion, control and choice. Ziglu’s vision is to open up access to cryptocurrencies for all, safely, simply and affordably.
Since launching last year with an instant and effortless cryptocurrency exchange, Ziglu has released a stream of new features and functionality. Customers can now make peer-to-peer payments across all currencies, both digital and traditional, and make faster payments to any UK account as well as being able to spend from their GBP account with the Ziglu Mastercard debit card.
Tezos on Ziglu
The company announced in a press statement that Tezos, a blockchain network with a native digital coin known as a tez, is now available on Ziglu. The selection was made based on a public voting (done by Ziglu) to select the new crypto to be added on the paltform.
In response to a customer vote for four cryptocurrencies (Aave, Chainlink, Tezos and UMA) introduced in the poll, the Ziglu community overwhelmingly voted for Tezos, with 56 percent selecting the altcoin.
With the addition of Tezos, customers can access five cryptocurrencies on Ziglu including Bitcoin, Bitcoin Cash, Ether and Litecoin.
Why does it matter?
Tezos is attracting a lot of attention as a decentralised, open-source blockchain network (similar to Ethereum) that can execute peer-to-peer transactions and supports dApps using smart contracts. What makes Tezos different is its ability to upgrade to meet the needs of today without network disruptions. The Tezos governance system empowers stakeholders to vote on changes to the network, enabling dynamic innovation and native adoption of cutting-edge features from its own ecosystem and the wider industry. Tezos demonstrates that technological progress can continually happen on one permanent network, as it has successfully upgraded multiple times without stagnation.
Mark Hipperson, Ziglu founder and Chief Executive Officer said:
“It is important to us that our customers can contribute, tell us what features they want and be involved in the future development of Ziglu. We opened a vote to our community, offering four cryptocurrencies and they overwhelmingly selected Tezos. Tezos is an exciting choice for us as it is definitively open and community-driven, which aligns strongly with our core values of inclusion and accessibility for all.”
Ziglu is constantly enhancing the platform in response to customer needs with more features, functionality and currencies scheduled for delivery during 2021 and beyond.