Luno’s Savings Wallet
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...
