Luno is reportedly the first cryptocurrency exchange, which has received approval from the Securities Commission (SC) of Malaysia. Luno is working on exploring cryptocurrency opportunities in Africa, and it is to influence everyone’s lives.
When talking at AfricaCom 2019, Luno’s CEO Marcus Swanepoel stated, “Africans using traditional currencies face high transaction costs, inflation and currency devaluation, exorbitant interest rates and high levels of fraud. Coupled with all this – accessing the existing system (despite many have a mobile phone and conduct other elements of their lives online) is still incredibly restrictive.”
Luno makes it a lot easy to buy, store, and learn about cryptocurrencies. There are over 3 million Luno customers. More than $8 billion transactions are processed so far in different countries across the world. Bitcoin and Ethereum can be purchased using Luno in three easy steps.
The investors should sign up for the LUNO wallet either on the Web, iOS, or Android. Then the profile should be set up. The preferred method of payment is a credit or bank transfer to the Luno Wallet. Further, using the deposited money, the investor can buy Bitcoin or Ethereum. The cryptocurrency thus purchased is stored securely in a Wallet, and is used to send the crypto to friends.
Moving Bitcoin is more comfortable with Luno. It provides for a new kind of financial freedom. More numbers of investors are investing in Bitcoin as it works like digital gold. Bitcoin is an alternative store of wealth considered good for portfolio diversification and long-term investment.
Some of the top investors and experts who have worked in famous companies like Google, Amazon, Morgan Stanley, and Barclays from across the world contribute to Luno. The products are easy to use. Therefore, it provides for a Bitcoin experience, which is best in itself.
New investors have to juggle “to and fro” the Luno website, the app store, and Google play.
Luno Bitcoin Wallet, Ethereum Wallet, Crypto Exchange, Business, and API are the primary products of Luno. Reference resources mostly used at Bitcoin price, Ethereum price, and Bitcoin Cash price. There is a learning portal from where investors learn about cryptocurrency, Bitcoin, and Ethereum. The learning portal is available in Deutsch, English, Espanol, Francais, Indonesia, Italiano, and Polski. A cryptocurrency glossary is available to help clarify terminologies used in the industry.
As Marcus previously stated, Cryptocurrencies are life-changing for several millions of people in Africa, particularly for the unbanked. We need to see what LUNO might unfold for Africa.
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
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