UK Investors Can Now Integrate Their Crypto Holdings With Their Bank Accounts
Users will be to use the Money Dashboard app to access their balances and transaction on wallets and exchanges.
Feb 25, 2021 at 8:02 p.m. UTCUpdated Aug 19, 2021 at 7:30 a.m. UTC
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U.K. personal finance tool Money Dashboard is allowing its 600,000 users to view their crypto holdings alongside their bank accounts and other financial products within its app.
- Users will be to use the Money Dashboard app to access their balances and transactions on exchanges such as Coinbase, Binance and Bitstamp.
- The U.K. company is providing this service in partnership with Zabo, a Dallas-based crypto software firm that aims to connect crypto wallets to bank accounts.
- Zabo's goal, according to co-founder Christopher Brown, is to simplify the process of integrating crypto with traditional finance products through partnerships with financial services companies.
- 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, 75% of whom own less than £1,000 (US$1,400).
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