CoinCorner, the Douglas-based Bitcoin exchange, has announced the expansion of its team.

Rachael Duke, Ross Wilson, Zakk Lakin, Lucy Turner and Lizzie Pope are working in the marketing, development and customer support.

Bitcoin is a known as a ’cryptocurrency’. It can be used as money on the internet and exchanged for real currency.

Lizzie Pope, CoinCorner’s newly-appointed marketing assistant, said: ’I am excited to have been given the opportunity to join a start-up business in an industry that is growing. I have found that every day is different working here and I am enjoying being in a job role where I have so much versatility to my role. I settled in almost immediately, everyone is so friendly here.’

Rachael Duke joined the customer support team. She said: ’I love being part of a small thriving team - CoinCorner feels more like a family than a company. The Bitcoin industry is so interesting! I’m excited to see the team expand more and to see the company achieve great things in the future.’

The Bitcoin industry is a hot topic at the moment, having seen a lot of growth since the beginning of the year, surpassing $100 billion total market capitalisation last month.

CoinCorner, which is based on Prospect Hill, plans to recruit another three employees before the end of the year. Upcoming roles will be available in the accounts, development and compliance departments.

Co-founder of CoinCorner Daniel Scott said: ’We are delighted to welcome Rachel, Ross, Zakk, Lucy and Lizzie to CoinCorner.’