Fintech Giant Zip Considers Launching Crypto Trading Services

FinTech giant Zip considers launching crypto trading services to its Australian and American users as we read more in our latest crypto news today.

The Australian BNPL company Zip co will launch crypto trading services to its users and the buy-now-pay-later Fintech giant Zip revealed plans to launch crypto trading services in both Australia and the US but it is now clear which assets will be supported. According to tot the reports, the Aussie financial technology company is looking to provide its Australian and American clients a chance to trade in virtual currencies. The organization announced further that it will implement within the next 12 months as the co-founder of Zip Co Peter Gray explained:

“We know our younger generation of customers seek additional products and services that are relevant to them.”

The top executive pointed out that there’s a rise in demand for trading in crypto through the use of native Zip digital wallet and reminded that about 30% of the adults in Australia have a buy-now-pay-later account so the company will soon offer a broader range of crypto services. The US residents showed a lot of increase in demand for BNPL options, indicating that Zip co could launch the product in the States first and then move to Australia. The fintech giant has more plans to test the water with the stock trading as well and with that said, the company is yet to decide which service to enable first. Zip co didn’t specify which types of crypto will be added in the next few months.

Speaking of the increasing interest in crypto services, recent research shows that 20% of the locals own digital assets. Over 90% of the Aussies have heard of at least one crypto asset. Bitcoin is the undisputed leader in the statistics that leads the market awareness with 89% while Ethereum ranked second with 23.5%. the popularity of the main cryptocurrency was equal among women and men while male adults were 3 times more likely to have heard of cryptos like Ethereum, EOS, and LTC. According to the survey, 18-24-year-olds are more likely to be aware of Defi tokens with 14.4% while the overall figure is about 7.8%.