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Luno Crypto

FinTech

SA Reserve Bank Confirms Banks Can Work With Crypto Exchanges

Luis Monzon -
The South African Reserve Bank’s (SARB) Prudential Authority this week has reportedly issued guidance to confirm that banks in the country can work with crypto exchanges. This is according to the international crypto exchange Luno. Marius Reitz, GM for Africa...
Digital Transformation

South African Property Firm First to Accept Crypto for Rental Deposits

Luis Monzon -
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...
FinTech

Luno Records $8.3 Billion in Transactions Worldwide

Jenna Delport -
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...
Company News

Luno is Acquired by Global Blockchain Investor

Jenna Delport -
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...
FinTech

Cryptocurrencies Continue to Gain Traction as Global Economy Shrinks

Luis Monzon -
The cryptocurrency sector continues to show strong growth despite a severe economic contraction since the global COVID-19 pandemic. In fact, Bitcoin is up 28% and is now trading at $8993. This could be attributed to the move towards a cashless...
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Latest News

Artificial IntelligenceMamsi Nkosi -

Orange Launches Open-Source AI in African Languages for Inclusivity

Orange is partnering with OpenAI and Meta to improve AI large language models (LLMs) for regional languages in Africa...
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