RATE Group | Edinburgh start-up backed by Coldplay bass player launches Bitcoin app
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Edinburgh start-up backed by Coldplay bass player launches Bitcoin app

22 May Edinburgh start-up backed by Coldplay bass player launches Bitcoin app

Posted at 07:16h in Bitcoin News by

Zumo team at their offices in Leith, Edinburgh. Picture: Stewart Attwood Copyright: Other 3rd Party

The firm, which has its offices in Leith, said customers can use the app to buy, sell and exchange both Bitcoin and Etherium cryptocurrencies. Since the start of lockdown, the price of Bitcoin has been on the rise.

Zumo’s investors include Berryman and the business recently earned the support of Murray Capital and the Scottish Investment Bank, the investment arm of Scottish Enterprise.

Founder and chief executive Nick Jones said: “Covid-19 has fast forwarded the move to a cashless society and for safe and easy ways to invest in new forms of currency that are more resilient to crises such as this one.

“Zumo allows people to safely exchange, store, send and use their own money online without needing a bank account.

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“Our app was created for everyone,” he added.

Charles Read, a strategist and adviser to blockchain…

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