April 1, 2021
Capital Credit Union Launches New Virtual Currency
Top Credit Union Launches New Virtual Currency
One of Ireland’s leading credit unions has just announced the launch of a new virtual currency, Flipcoin, which will compete directly with the likes of Bitcoin.
Capital Credit Union, based in south Dublin, has over 50,000 members, nine branches, and an asset size of almost €300 million.
Their Director of Public Events, Luke Huckleberg, said that Flipcoin was just the latest innovation from Capital Credit Union, who recently rolled out an online, end-to-end, fast track loan product and a full one-stop Member Service Centre, available from 8am to 8pm.
Mr Huckleberg said that Flipcoin operates on a robust platform, which has been built using the latest blockchain technology. Commenting on how secure Flipcoin is, Mr Huckleberg stated, “Our Flipcoins are kept in a virtual coinbox, inside a virtual safe, which itself is inside a virtual strongroom. In addition, we carry a sizeable stock of spare blocks and chains, in the event that any glitches occur in the blockchain process.”
The credit union believes the launch of Flipcoin is only one step in the rollout of new, virtual services. “Imagine a virtual loan, where you can borrow using Flipcoin to go on a virtual holiday, without ever having to get off your couch. How exciting would that be?” enthused Mr Huckleberg.
Capital Credit Union has set up a special information helpline to answer any queries on the new Flipcoin currency and members interested in finding out more about Flipcoin are urged to contact the credit union, but please note the helpline will only be open today, 1st April.