The buy-now-pay-later company Zip Co revealed its plans to launch cryptocurrency trading services in the US and Australia within the next year. It’s not yet clear which assets will be supported.
Zip Dives into Crypto
According to a Reuters report, the Aussie financial technology company Zip Co is looking to provide its American and Australian clients an opportunity to trade in virtual currencies. The organization further announced that it would implement the move within the next 12 months. Peter Gray – co-founder of Zip Co – explained the decision:
“We know our younger generation of customers seek additional products and services that are relevant to them.”
The top executive pointed out that there is an increasing demand for trading in cryptocurrencies through the use of a native Zip digital wallet. He reminded that about 30% of the Australian adults have a buy-now-pay-later (BNPL) account, so the firm would soon offer a broader range of crypto services.
On the other hand, th
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