Zopa to become a bank - Trending News
Jun 23, 2020
Zopa a peer-to-peer solution for financing has been a UK success story for the last 15 years. It has now entered a new era by meeting UK capital requirements to become a bank and will begin offering Fixed term savings accounts and credit accounts.
This unique combination of digital solutions is a first of its kind. Will this lead to a spate of others following in Zopa’s footsteps or is this a solution looking for a problem to solve?
Only time will tell if this combination of peer-to-peer lending and traditional bank functionality can survive both existing Brand names in the banking space and other digital banking solutions.
What do you think? In the era of Covid-19 is this a solution whose time has come or a flash in the pan?
Maybe you think Bitcoin or other AltCoins are a better solution to anonymity in a scary world.
Whichever financial solution you consider for your situation make sure it is safe, secure, and will continue to be accessible despite what world leaders and politicians decide to do.
It’s your money. You need to manage it!
I believe in you!
