As per the latest reports, Zip has made an announcement that is going to prove to promise for the cryptocurrency industry. The firm has announced that it is planning to start offering cryptocurrency trading services to its users.
Zip, mainly known as a popular buy now pay later (BNPL) platform in Australia is planning to board the cryptocurrency trading train. Instead of going for direct investment in the cryptocurrency industry, it has decided to invest in the industry in a different manner.
The firm has announced that it is planning to explore the cryptocurrency trading sector and may start offering trading services for cryptocurrencies. According to the firm, it is currently exploring the industry and going through all the possibilities and issues it may face in the cryptocurrency industry.
Keeping the above points in mind as well as the regulatory compliance and obstacles, it may take the firm a while before it can start offering the said services. The firm has announced that it is planning to launch and offer trading services for cryptocurrencies in the next 12 months.
Peter Gray, the co-founder of Zip was the one to break the news to their community as well as the entire cryptocurrency world. The announcement in regards to Zip going pro cryptocurrencies was made by Gray on July 22, 2021.
In the announcement, Gray announced that their firm is now planning to start offering cryptocurrency trading services to their users. This is mainly because the cryptocurrency industry has grown tremendously in the past couple of years.
Therefore, not making an investment or becoming part of it would be one of the biggest makes that any firm would ever make. Especially for their firm, which deals directly in payment services, it is a need to adapt and offer services to their users in the crypto-space.
He added that the recent crypto-boom has not gone unnoticed among their stakeholders as well as customers. People are growing more used to cryptocurrencies and they want to have access to crypto as a mode of payment and other utilities.
Therefore, the firm had to respect the demands and needs of its customers and partners when it came to cryptocurrencies. This is the reason why the firm has decided to dive into the cryptocurrency industry to find out exactly how it goes.
The firm has announced that in the upcoming months, Zip would also be working towards the development of its own digital wallet. This way, they would be able to offer more protection and funds security to their customers.
Gray preferred not to provide any more details around the matter than sharing the skimmed part about their company’s involvement in cryptocurrencies. He revealed that for now, they are planning to launch cryptocurrency trading services for their customers based in Australia and the United States.