In a report on CoinDesk, Griffin said that his decision to join the company was inspired by the “current state of the financial market,” and the increasing popularity and adoption of digital currencies. “This is an exciting time to join ZipZap and be a part of its growth and the evolution of currency on a global scale,” he noted.
CoinDesk noted that ZipZap has a unique advantage in the global payments field, having been indirectly involved with bitcoin since 2010 when the company’s retail location “red phone” service allowed users to transfer money to early bitcoin exchanges. ZipZap repositioned itself as a bitcoin-oriented company late last year, introducing cash-to-bitcoin services at 28,000 locations in the U.K. The company’s long-term plan to move into digital currency-based remittances is well known, and was likely one of the major talking points in the June funding round.