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Luno South Africa

People

Cryptocurrency firm Luno Appoints New Country Manager for South Africa

Luis Monzon -
Cryptocurrency investment company Luno has announced the appointment of Christo de Wit as its new South African country manager. Luno says De Wit hails from South Africa but brings years of experience in global businesses, having served leadership roles at...
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...
FinTech

South Africans Are “Extremely Bullish” About Crypto – Luno

Luis Monzon -
Cryptocurrency buying and selling platform Luno has conducted a survey of over 1000 of its customers in South Africa in August 2021, along with customers in the UK, Malaysia and Indonesia. Luno found that 82% of South Africans who hold...
FinTech

Is Now the Right Time to Buy Bitcoin?

Luis Monzon -
Luno, South Africa’s leading cryptocurrency exchange, says you are still an early adopter if you are buying crypto for the first time even now. “The world has just started to recognise the potential of cryptocurrencies, so there is definitely more...
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

South African Luno Users to Earn Interest on Bitcoin and Ethereum

Jenna Delport -
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...
Company News

Luno Reaches 7 Million Users Milestone

Jenna Delport -
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...
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: 2019 in review

Jenna Delport -
The world of crypto in 2019 has brought more price fluctuation, many announcements that indicate cryptocurrency is becoming increasingly mainstream and tighter regulatory scrutiny. As the globe moves towards a new financial system, cryptocurrency ownership has grown this year...
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Latest News

RetailStaff Writer -

South Africa’s E-commerce boom: How Shein, Temu, and Amazon are shaking up the market

South Africa’s retail sector has been grappling with weak economic conditions, characterised by stagnant inflation-adjusted GDP over the past...
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