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UK Investors Can Now Integrate Their Crypto Holdings With Bank Account

  • Posted On - 2021-02-26 06:20:27

Users will be going to use the Money Dashboard app to access their balances and transactions data on wallets and exchanges.

U.K. based personal finance tool Money Dashboard is allowing its 600k users to view their crypto holdings along with their bank accounts and other financial products within the app.

Users will be to use the Money Dashboard app to access their balances and transaction data that are performed on exchanges such as Coinbase, Binance and Bitstamp.

The U.K. company is going to provide this service in partnership with Zabo, a Dallas-based crypto software firm that aims to connect crypto wallets to bank accounts.

According to co-founder Christopher Brown, The goal of Zabo is to simplify the process of integrating crypto  with traditional finance products through partnerships with companies that are providing financial services. The collaboration with Money Dashboard is its first such partnership with a U.K. firm.

U.K. regulator the Financial Conduct Authority (FCA) estimates that around 1.9 million adults hold cryptocurrency and 75% of them own less than £1,000 (US$1,400).