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Ziglu Insures Cryptocurrency Holdings up to £50,000 Against Cybercrime

cointelegraph.com

United Kingdom cryptocurrency banking platform Ziglu launched an insurance program on July 15 for digital assets held with the service. The service launched last month, offering an account that allows users to hold funds in multiple fiat and crypto-currencies, and freely exchange between them.

We asked Hipperson what type of attacks were perceived to be the most likely to require such cover: The £50,000 limit currently applies per customer, although Hipperson said that Ziglu may look to expand this to be per cryptocurrency in the future. The card will apply direct currency conversion at point of sale, allowing users to easily hold and spend cryptocurrency alongside their fiat funds.

Read in Full: cointelegraph.com

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