Australia's Zip to Launch Crypto Services in a Year: Report

Zip Co, an Australian buy now, pay later firm, is reportedly looking to launch crypto services in the next 12 months in a bid to supercharge growth, Reuters reported Thursday.

• Peter Gray, co-founder of Zip, said trading in crypto through the use of a native digital wallet developed by the pay-later firm was one of the most sought-after product features from users.
• No further details were given on how the trading would work.
• In 2020, over AU$2.6 billion (US$1.9 billion) in transaction value was clocked by the firm, making it one of the largest of its kind in Australia behind rival AfterPay.
• Zip is targeting customers of its soon-to-be biggest markets in the U.S. and Australia, marking a significant step to begin offering crypto services.
• The firm originally announced it was looking into stock and crypto trading earlier this year but didn't specify when it would launch the services.

Read more: Major Australian Fintech Firm May Offer Crypto Trading: Report