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Luno has recorded $8.3 billion in transactions worldwide after recently adding nearly a million new South African customers to its crypto platform. An estimated 15% of South Africans have invested in bitcoin – the second-highest percentage in the world according to the Global Web Index, beating even the USA and Japan. With over 2.1 million users in South Africa, Luno has around the same number of clients as South African Twitter users according to Statistica. It’s also the fifth most popular finance app on iPhone and third on Android – ahead of most of Africa’s biggest banks. A three-month average reveals that more than 145,000 South Africans installed the Luno app each month from November 2020 – January 2021. /* custom css */ .tdi_3_090.td-a-rec-img{ text-align: left; }.tdi_3_090.td-a-rec...
South African-founded Luno will let customers earn interest on Bitcoin, Ethereum, and USDC – allowing users to earn passive income on their cryptocurrencies. These cryptos are now available in the platforms savings wallet. Users can expect up to 4% interest per annum on Ethereum and 7.6% per annum on USDC. The interest will be earned and paid in cryptocurrency. “Luno research last year showed that over a third of those surveyed (35%) were not earning any interest on their traditional cash savings at all, so growing savings options and making saving simple and accessible is a priority for us,” says Luno Africa GM, Marius Reitz. /* custom css */ .tdi_3_5e5.td-a-rec-img{ text-align: left; }.tdi_3_5e5.td-a-rec-img img{ margin: 0 auto 0 0; } “The same research from last year found 54% are not e...
The bitcoin price surge in these recent months has drawn the interest of investors from different spheres. People want to buy bitcoin and quickly make money off it, which has left many people vulnerable to Ponzi schemes, quick money schemes, and other forms of scams. The hype around bitcoin has given most people the impression of a quick and easy return on their investments. The hype has caused an increase in its adoption, as well as an increase in scams and frauds by people who capitalize on that perception to steal other people’s money. Bitcoin and other cryptocurrencies being decentralized currencies are seen as the future of currency. It is created, stored, and distributed using blockchain which is a decentralized ledger, so unlike fiat currency, it is not regulated by the government. ...
Sourced from Ethereum World News. Bitcoin’s historic halving event on Monday underscores that the “long-term future of cryptocurrencies is secure”, says the CEO and founder of one of the world’s largest independent financial advisory organisations. The comments from deVere Group’s Nigel Green come as the world’s supply of Bitcoin was forever slashed. The highly anticipated halving event, occurring only every four years, means that less and less Bitcoin – which is limited to 21 million units – will now be mined. Monday’s was only the third ever halving. In 2012, the number of new Bitcoins issued every 10 minutes fell from 50 to 25. In 2016, it went down from 25 to 12.5. Now, in the 2020 halving, it will drop from 12.5 to 6.25. Nigel Green says that the “Bitcoin halving event has demonstrate...