Luno
Cryptocurrency firm Luno Appoints New Country Manager for South Africa
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SA Reserve Bank Confirms Banks Can Work With Crypto Exchanges
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Who is Buying Crypto in South Africa?
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South Africans Are “Extremely Bullish” About Crypto – Luno
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Bitcoin Surges Above $50,000 for First Time Since May
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Is Now the Right Time to Buy Bitcoin?
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
South African Property Firm First to Accept Crypto for Rental Deposits
Image sourced from Bitcoinist. Quorum Holdings, an affordable residential and student housing specialist is the first property firm in South Africa to accept rental deposits in cryptocurrency tokens and to allow prospective tenants to potentially benefit from an increase in value. While rental deposits are standard practice in South Africa, tenants do not usually benefit from the money being held by their landlords, and deposits can be held for several years, depending on the lease. Quorum says that it has a growing portfolio expected to reach around 3,000 residential units in Johannesburg over the medium term and another 5,000 beds in student accommodation through a subsidiary Urban Circle, the business owns and manages a portfolio of properties. Saul Mayers, Group Legal of Quorum Holding...
Luno Records $8.3 Billion in Transactions Worldwide
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 Luno Users to Earn Interest on Bitcoin and Ethereum
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...
Luno Reaches 7 Million Users Milestone
South African-founded Luno has officially recorded seven million customers (wallets) – just seven weeks after reaching the milestone of six million customers. The business believes this growth is due to the simplicity of its online and mobile platforms, offering education, bank-grade security and self-regulation. It is actively working with regulators and banks to safely increase access to cryptocurrencies. Luno was ranked in the top six cryptocurrency exchanges worldwide in the latest CryptoCompare Exchange Benchmark and also received the top tier AA rating. South Africa is one of Luno’s strongest markets and the appetite for cryptocurrency trades continues to grow. Reaching seven million wallets demonstrates the growing adoption of cryptocurrencies across the globe. /* custom css */...
7 Cryptocurrency Predictions for 2021
Ongoing volatility, further progress on regulations and continued interest from institutional investors can be expected in 2021 – this according to South African cryptocurrency exchange, Luno. “Looking back at our predictions from last year – the Bitcoin halving happened without a hitch and the industry matured as institutional investors entered the market,” says Marius Reitz, GM for Luno Africa. “2020 was a proper stress test with Bitcoin hitting a low of around $5,000 in March and a high of $28,000. The new year is following the same trend with the price already reaching the $40,000 level.” Here’s a closer look at seven cryptocurrency predictions for 2021: /* custom css */ .tdi_3_da6.td-a-rec-img{ text-align: left; }.tdi_3_da6.td-a-rec-img img{ margin: 0 auto 0 0; } 1. Institutional inve...
Luno is Acquired by Global Blockchain Investor
South African-founded Luno has been acquired by Digital Currency Group (DCG) – a global enterprise that builds, buys and invests in blockchain companies. Luno began in South Africa in 2013. It now has five million customers spanning over 40 countries as well as almost 400 employees based in London, Singapore and South Africa. Led by co-founder and CEO Marcus Swanepoel, Luno has become a digital asset powerhouse in many emerging and frontier markets, providing digital asset education, knowledge, and investment tools for individuals in Africa, Asia, Australia and Europe. The company is a leading exchange in several countries that have the highest percentage of cryptocurrency ownership, including South Africa (third-highest of its citizens owning digital currencies), Nigeria (fifth-highe...
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